The effects of rounding on the Consumer Price Index.
The article explains the effects of rounding the Consumer Price Index (CPI) in the U.S. Calculating percent changes in a price index rounded to three decimal places mitigates a problem that can arise when percent changes are based on the same index rounded to a single decimal place. Because the actu...
| Publicado en: | Monthly Labor Review Vol. 129; no. 10; pp. 80 - 90 |
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| Formato: | Artículo |
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US Department of Labor
Oct2006
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=25260107&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 25260107 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00981818 MLR jtl: Monthly Labor Review issn: 00981818 maglogo: N pubinfo: dt: Oct2006 vid: 129 iid: 10 pid: 1929 pub: US Department of Labor artinfo: ui: 25260107 ppf: 80 ppct: 10 formats: fmt: – @attributes: type: T – @attributes: type: P size: 486KB tig: atl: The effects of rounding on the Consumer Price Index. aug: au: Williams, Elliot affil: Research economist, Division of Price and Index Number Research, Office of Prices and Living Conditions, Bureau of Labor Statistics su: United States Price inflation Economic indicators Consumer price indexes Price indexes United States economy sug: subj: Price inflation Economic indicators United States Consumer price indexes Price indexes United States economy ab: The article explains the effects of rounding the Consumer Price Index (CPI) in the U.S. Calculating percent changes in a price index rounded to three decimal places mitigates a problem that can arise when percent changes are based on the same index rounded to a single decimal place. Because the actual changes in the CPI have been quite small recently (the rate of inflation has been relatively low), the small differences incurred in rounding up or down can create a misleading picture of monthly price inflation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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