On a Problem in Consumers' Price Index Number

B. K. Guha Thakurta

Journal of the Royal Statistical Society Series C, 1967, vol. 16, issue 1, 42-45

Abstract: While constructing a consumers' price index certain sub‐items representing an item of consumption at the base year often go off the market after a lapse of time for reasons unrelated to the consumers' standard of living. No current period prices of such sub‐items are available and this leads to difficulties in constructing the consumers' price index by the usual method. A method is suggested here which dispenses with the above‐mentioned problem and also gives better estimates of the price relatives from the viewpoint of the sampling theory.

Date: 1967
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