SOME METHODOLOGICAL ASPECTS CONCERNING THE STATISTICAL DETERMINATION OF INFLATION

Vasile V. Dumitrescu and Gheorghe Săvoiu
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Vasile V. Dumitrescu: .

Romanian Statistical Review Supplement, 2017, vol. 65, issue 10, 82-96

Abstract: This article continues the series of another two papers dealing with the same topic, which have already been published in the Supplement of the Romanian Statistical Review (Dumitrescu, Sãvoiu, 2016a; 2016b;), and its two authors devoted it to the instrumental improvement of the methods of statistically determining inflation. After a brief necessary introduction, a section of proposals and solutions intended to construct indicators able to quantify inflation to a greater extent, as coverage and through a lower level of instrumental statistical error, the paper naturally anticipates the description of some of the conditions for building a general inflation index (GII), which was defined and described structurally by the authors in their previous articles. Several concluding remarks insist on the need to reconstruct an increasingly suitable index of inflation in the European Union space, and its periodical re-quantification, in order to increase the accuracy of all analyses and confrontations of real economic developments, in such a wide geographical area, starting from the index built in Romania.

Keywords: general inflation index (GII); proportions and correlations; focused/directed selection; selection; structuring and grouping criteria; nomenclatures; principles of homogeneity and representativeness; modalities of determining the content; the scope and the construction of specific indexes; of partial; and interpret indexes (search for similar items in EconPapers)
JEL-codes: C43 C46 E31 P24 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:65:y:2017:i:10:p:82-96

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