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2017 | OriginalPaper | Buchkapitel

11. Measuring Inflation at a Detailed Level

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

Erschienen in: Inflation

Verlag: Springer International Publishing

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Abstract

As we have seen in other chapters in this book, the construction of a price index for measuring inflation is a complex business; however, at the lowest level of most price indices, it is reduced to a more simple problem: How to measure the average price change when we are faced with only price information? In this chapter, the main methods for doing this are re-introduced and the relationships between them are considered before we discuss the various ways in which people choose between the available methods.

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Vorheriges Kapitel From the RPI to the CPI: 1990–2011

Nächstes Kapitel What Should We Be Measuring?

We are indebted to the work of Diewert and Nakamura (1993) in providing historical references for the discussion of the early pioneers of index numbers.

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Titel: Measuring Inflation at a Detailed Level
verfasst von: Robert O’Neill
Jeff Ralph
Paul A. Smith
Verlag: Springer International Publishing
Buch: Inflation
Print ISBN: 978-3-319-64124-9

Electronic ISBN: 978-3-319-64125-6

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-64125-6_11