Testing the RPI data for consistency with the theory of the cost-of-living index
Ian Crawford and
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Isabella Image: Institute for Fiscal Studies
No W02/19, IFS Working Papers from Institute for Fiscal Studies
This paper tests the published section level price and weight dataused in the compilation of the UK Retail Prices Index for consistencywith the theory of the cost-of-living index. We use a nonparametric testof theoretical consistency and bootstrap statistical methods to estimatethe probability of consistency.
Pages: 15 pp
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