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2017 | OriginalPaper | Buchkapitel

8. Collecting Prices

verfasst von : Robert O’Neill, Jeff Ralph, Paul A. Smith

Erschienen in: Inflation

Verlag: Springer International Publishing

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Abstract

All of the price indices we will discuss in this book require observations of prices at different periods of time in order to allow for construction of even the most elementary of price indices. As it is currently impossible for anyone, or any organisation, to produce a complete list of prices of items available at any given point in time (or a complete list of transaction prices), it is required that only a sample of prices is collected each period. This chapter considers how ONS goes about collecting the large number of price quotes needed in order to provide the raw material required in producing a price index such as the CPI.

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Fußnoten
1
 
2
Office of the Deputy Prime Minister Technical Report; using town centre statistics to indicate the broad location of retail development—initial analysis, London: ODPM, 2005, p. 11.
 
3
And given the issues raised elsewhere in this book we might ask which sort of average is appropriate.
 
4
According to http://​www.​unclebens.​com.​au/​about/​, Uncle Ben’s released its first UK microwavable rice produced in 1999 (accessed Friday, 10th March 2016).
 
5
For some more information regarding the work of the price collectors, see The Guardian (2017), which includes comments on the process from one of the price collectors contributing to the ONS data collection.
 
6
This may be one reason why Index Day is sometimes moved, and to avoid disrupting retailers at times at which they may be particularly busy. Illustration: Source ONS CPI Technical Manual (2014b).
 
Literatur
Zurück zum Zitat Dorfman, A.H., Lent, J., Leaver, S.G., & Wegman, E. (2006). On sample survey designs for consumer price indexes. Survey Methodology, 32, 197–216. Dorfman, A.H., Lent, J., Leaver, S.G., & Wegman, E. (2006). On sample survey designs for consumer price indexes. Survey Methodology, 32, 197–216.
Zurück zum Zitat de Haan, J., Opperdoes, E., & Schut, C. (1999). Item selection in the consumer price index: Cutoff versus probability sampling. Survey Methodology, 25, 31–41. de Haan, J., Opperdoes, E., & Schut, C. (1999). Item selection in the consumer price index: Cutoff versus probability sampling. Survey Methodology, 25, 31–41.
Zurück zum Zitat Heravi, S., & Morgan, P. (2014). Sampling schemes for price index construction: A performance comparison across the classification of individual consumption by purpose food groups. Journal of Applied Statistics, 41, 1453–1470. Heravi, S., & Morgan, P. (2014). Sampling schemes for price index construction: A performance comparison across the classification of individual consumption by purpose food groups. Journal of Applied Statistics, 41, 1453–1470.
Zurück zum Zitat Office of the Deputy Prime Minister. (2005). Technical report: Using town centre statistics to indicate the broad location of retail development—Initial analysis. London: ODPM. Office of the Deputy Prime Minister. (2005). Technical report: Using town centre statistics to indicate the broad location of retail development—Initial analysis. London: ODPM.
Metadaten
Titel
Collecting Prices
verfasst von
Robert O’Neill
Jeff Ralph
Paul A. Smith
Copyright-Jahr
2017
DOI
https://doi.org/10.1007/978-3-319-64125-6_8