New basket of goods and services being priced in revised CPI.

Beginning with January 1987 estimates, the Consumer Price Index (CPI) will be updated to more accurately monitor price changes for goods and services in the 1980s. The revised index makes more accurate tracking of price changes possible because it is based on a market basket of goods and services t...

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Detalles Bibliográficos
Publicado en:Monthly Labor Review Vol. 110; pp. 3 - 23
Autores principales: Mason, Charles, Butler, Clifford
Formato: Artículo
Publicado: US Department of Labor January 1987
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:Beginning with January 1987 estimates, the Consumer Price Index (CPI) will be updated to more accurately monitor price changes for goods and services in the 1980s. The revised index makes more accurate tracking of price changes possible because it is based on a market basket of goods and services that reflects 1982–84 spending patterns instead of the 1972–73 patterns previously used. Changes in consumption since the last revision have altered the relative importance of the goods and services priced in the CPI.