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The consumer price index: underlying concepts and caveats.

Part of a special section on the consumer price index (CPI). Correct use of the CPI requires an understanding of its relationship to an ideal cost-of-living index (CLI) and of the problems of implementation. The CPI, produced by the Bureau of Labor Statistics, is a fixed market basket approximatio...

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Published in:Monthly Labor Review Vol. 116; pp. 3 - 13
Main Author: Fixler, Dennis
Format: Article
Published: US Department of Labor December 1993
Subjects:
Consumer price indexes
Error analysis in mathematics
Substitution (Economics)
Mathematical models
Online Access:View this record in EBSCOhost