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Overview of the 1998 revision of the Consumer Price Index.

The consumer price index (CPI) is undergoing a revision. To maintain the accuracy of the CPI, the principal source of information concerning trends in consumer prices and inflation in the United States, an updating of the index is undertaken about every ten years. The most basic and visible activit...

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Published in:Monthly Labor Review Vol. 119; pp. 3 - 10
Main Authors: Greenlees, John S., Mason, Charles C.
Format: Article
Published: US Department of Labor December 1996
Online Access:View this record in EBSCOhost
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      dt: December 1996
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        atl: Overview of the 1998 revision of the Consumer Price Index.
      aug:
        au:
          Greenlees, John S.
          Mason, Charles C.
      su: Consumer price indexes
      sug:
        subj: Consumer price indexes
      ab: The consumer price index (CPI) is undergoing a revision. To maintain the accuracy of the CPI, the principal source of information concerning trends in consumer prices and inflation in the United States, an updating of the index is undertaken about every ten years. The most basic and visible activity in each of these CPI revisions is the introduction of a new “market basket” or set of expenditure weights attached to the categories of goods and services that comprise the CPI. The projects and changes encompassed in the present revision, planned to be completed over a six-year period ending in 2000, range from reselecting areas, items, and outlets to new systems for data collection and processing. A general description of those projects and changes is presented.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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