Does the Chinese official CPI underestimate inflation?

Imad Moosa

Applied Economics Letters, 1997, vol. 4, issue 5, 301-304

Abstract: This paper examines the behaviour of the Chinese official CPI relative to a market-based index. The empirical results indicate that the official index underestimates the actual inflation rate and that the bias is time-varying. The biasedness of the official index is attributed to covert price rises induced by the presence of price controls and quantity rationing.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:4:y:1997:i:5:p:301-304

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DOI: 10.1080/758532597

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