Application of the Original Price Index Formula to Measuring the CPI’s Commodity Substitution Bias

Jacek Białek

Statistics in Transition new series, 2014, vol. 15, issue 1, 83-96

Abstract: This paper examines a possibility to apply the original price index formula to measuring the commodity substitution bias associated with the Consumer Price Index (CPI). Through simulation study the CPI bias values - calculated by using the original price index formula – is compared with those calculated on the basis of some known, superlative price indices.

Keywords: CPI; COLI; superlative index; Laspeyres index; Fisher index (search for similar items in EconPapers)
JEL-codes: E17 E21 E30 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://index.stat.gov.pl/repec/files/csb/stintr/csb_stintr_v15_2014_i1_n7.pdf (application/pdf)

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:csb:stintr:v:15:y:2014:i:1:p:83-96

Access Statistics for this article

Statistics in Transition new series is currently edited by Włodzimierz Okrasa

More articles in Statistics in Transition new series from Główny Urząd Statystyczny (Polska) Contact information at EDIRC.
Bibliographic data for series maintained by Beata Witek ( this e-mail address is bad, please contact ).