An Overview of Experimental U.S. Consumer Price Indexes

Brent Moulton and Kenneth J Stewart

Journal of Business & Economic Statistics, 1999, vol. 17, issue 2, 141-51

Abstract: The Consumer Price Index (CPI) has come under intense scrutiny in recent years. To help assess potential differences between what the CPI measures and how it is used for various purposes, the Bureau of Labor Statistics has created a series of experimental price indexes. This article contrasts how the CPI is currently constructed with those experimental indexes. Specifically, experimental CPIs have been constructed for two population groups, older Americans and poor Americans. In addition, experimental geometric-mean and superlative indexes have been developed that move the CPI away from its traditional 'fixed-market-basket' concept.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:bes:jnlbes:v:17:y:1999:i:2:p:141-51

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