Drift in Producer Price Indices for the Former Soviet Union Countries

François I. Lequiller and Kimberly Zieschang ()
Additional contact information
François I. Lequiller: International Monetary Fund

IMF Staff Papers, 1994, vol. 41, issue 3, 526-532

Abstract: This paper shows that, under the price fluctuations that characterize most transition economies, the commonly used chain index derived from the published month-to-month price change of the producer price index (PPI) in most cases dramatically overstates the rate of price inflation. This drift, which is due to the use of a nonstandard formula, could affect any price index compiled with the same nonstandard formula. The drift declines with slower rates of inflation but is still important for countries in which monthly inflation continues to run at nearly 10 percent.

JEL-codes: C43 C82 E31 (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/3867440?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.

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:pal:imfstp:v:41:y:1994:i:3:p:526-532

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().