The Retail Price Index and the Cost-of-Living Index: testing for consistency in theory and practice
Ian Crawford and
Fiscal Studies, 2004, vol. 25, issue 1, 79-91
This paper tests the published section-level price and weight data used in the compilation of the UK retail price index (RPI) for consistency with the theory of the cost-of-living index. We use a non-parametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency.
JEL-codes: C4 D12 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:25:y:2004:i:1:p:79-91
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