New inflation index could lower rates

January 1994
U.S. News & World Report;1/10/94, Vol. 116 Issue 1, p13
States that the Bureau of Labor Statistics, which calculates the inflation rate based on consumer price index changes, has started testing a new measurement method that would make the inflation rate about half a percentage point lower that under the current system. Use of new method on an experimental basis; Figures based on current method and new method.


Related Articles

  • Inflation: Measurement and policy issues. Davis, Richard G. // Quarterly Review (01476580);Summer91, Vol. 16 Issue 2, p13 

    Examines several broad topics relating to inflation. Problems of measuring inflation; Costs imposed by inflation; Problems of anti-inflation policy; Real effects and costs of inflation; An inherent bias toward rising inflation; Policy dilemma; Zero inflation objective; Policy rules and the...

  • Tracking inflation in the service sector. Kroch, Eugene // Quarterly Review (01476580);Summer91, Vol. 16 Issue 2, p30 

    Discusses about inflation in the services sector. Methodologies used to measure prices for various classes of services; Examining specific categories in the consumer price index; Inflation measurement in the housing, medical and educational services; Inflation rates for consumption goods and...

  • On disinflation since 1982: An application of change-point tests. Bryden, Edward; Carlson, John B. // Economic Review (00130281);1994 1st Quarter, Vol. 30 Issue 1, p31 

    Examines changes in the statistical properties of alternative measures of core inflation in the United State. Overview of the behavior of core inflation; Univariate properties of core inflation measures; Statistical framework employed in testing for change points; Implications for the 1994...

  • Key Measure Of Inflation Undergoing Change. Worsham, James // Nation's Business;Oct98, Vol. 86 Issue 10, p8 

    Reports that during 1999 the Consumer Price Index (CPI) is expected to undergo changes in an effort to accurately measure inflation in the United States. Reference to a series of modifications to the inflation measure; Reason for the changes; Purpose of the CPI.

  • The role of rules in monetary policy. Boskin, Michael J. // Review (00149187);Mar/Apr94, Vol. 76 Issue 2, p209 

    Discusses a broader perspective of monetary aggregates, intermediate targets, rules versus discretion and the history of monetary policy-making in the United States. Effect of inflation on the economy; Fiscal rules determining the tax system as not invariant to inflation; Need for a tighter...

  • In brief economic capsules. Brauer, David; Wu, Lucille // Quarterly Review (01476580);Summer91, Vol. 16 Issue 2, p25 

    Presents an overview of inflation measurements in the United States. Types of price indexes; Differences in the construction and coverage of the measurements; Issues affecting the measurement of prices for a broad range of goods and services; Comparisons between the three major inflation...

  • The Consumer Price Index as a measure of inflation. Bryan, Michael F.; Cecchetti, Stephen G. // Economic Review (00130281);1993 4th Quarter, Vol. 29 Issue 4, p15 

    Examines a potential bias in the Consumer Price Index (CPI) that results from the expenditure-based weighing scheme the CPI employs (weighing bias) and from persistent errors in measuring certain prices (measurement bias). Origins of bias in the CPI; Computation of a reduced-bias estimate of...

  • Reconciling the CPI and the PCE Deflator: an update. Bunn, Julie A.; Triplett, Jack E. // Monthly Labor Review;Jan82, Vol. 105 Issue 1, p43 

    Focuses on an article in the September 1981 issue of the 'Monthly Labor Review,' where a technique was developed for determining the effect of differences in index number construction on the measurement of inflation in the United States. Reconciliation of the government's two major inflation...

  • Don't Worry About Deflation. Krugman, Paul // Fortune;2/2/1998, Vol. 137 Issue 2, p42 

    Considers the controversy over the Wall Street idea that inflation has given way to deflation. The idea that prices will fall more often than they will rise; The trend of inflation downward; The prices in goods that are falling; The historic epics of deflation.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics