Guiding Principles: Framework Regulation

John Astin ()

Chapter Chapter 3 in Measuring EU Inflation, 2021, pp 29-61 from Springer

Abstract: Abstract CPIs are often used as multi-purpose indices. Very often, national CPIs began life as indicators of the change in the cost of living of working people. For example, the UK Retail Prices Index (RPIRetail Prices Index (RPI)") was started in 1947 in order to provide a basis on which the wages of working people could be, if not indexed, then at least linked in some way. It was not therefore surprising that the RPI population coverage excluded those households at the upper end of the income range, and also pensioner households (who were assumed not to be wage-earners).

Date: 2021
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DOI: 10.1007/978-3-030-68806-6_3

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