Core CPI: excluding food, energy... and used cars?

Karen Alvarez and Richard Peach ()

Current Issues in Economics and Finance, 1996, vol. 2, issue Apr

Abstract: Although used car prices represent only a small portion of the consumer price index, their extreme volatility has had a major impact on the measured inflation rate. To explain this relationship, the authors describe how used cars are treated in the CPI and explore what might cause the wide swings in used car prices.

Keywords: Automobile industry and trade; Consumer price indexes (search for similar items in EconPapers)
Date: 1996
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