The Financialized Household and the Consumer Price Index

Freya Bundey

Review of Radical Political Economics, 2015, vol. 47, issue 4, 625-640

Abstract: The Consumer Price Index (CPI) is the standard measure of household inflation; however its calculations exclude critical areas of household expenditure. This paper is concerned with, first, how the meaning of the CPI has changed in recent decades given the ever increasing financialization of household expenditure, and second, identifying the factors that preclude the CPI from accounting for this shift and leaving it anachronistic in an era characterized by financial risks.

Keywords: risk shifting; financialization; inflation; household finance; Consumer Price Index (search for similar items in EconPapers)
JEL-codes: G00 G18 J32 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:47:y:2015:i:4:p:625-640

DOI: 10.1177/0486613415574267

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