Modernizing data collection for the Consumer Price Index

Crystal Konny ()
Additional contact information
Crystal Konny: Bureau of Labor Statistics

Business Economics, 2020, vol. 55, issue 1, No 10, 45-52

Abstract: Abstract This article discusses collection of data by US Bureau of Labor Statistics (BLS) for use in the Consumer Price Index (CPI), and the new approaches BLS is taking to modernize data collection, including an expansion of its corporate data collection program. As the providers of corporate data, the business community can help the BLS with this modernization initiative. The first section gives an overview of the CPI and traditional data collection methods. The second section explains various types of alternative data BLS is experimenting with and using, and elaborates on corporate data. The last section explains BLS research and uses of corporate data and their advantages for BLS, taxpayers, and the business community.

Keywords: Consumer Price Index; CPI; Corporate collection; Alternative data; Modernization (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1057/s11369-019-00146-3 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:buseco:v:55:y:2020:i:1:d:10.1057_s11369-019-00146-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11369

DOI: 10.1057/s11369-019-00146-3

Access Statistics for this article

Business Economics is currently edited by Charles Steindel

More articles in Business Economics from Palgrave Macmillan, National Association for Business Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().