Working to Improve the Consumer Price Index

Author:

Abraham Katharine G1,Greenlees John S2,Moulton Brent R3

Affiliation:

1. Commissioner at the Bureau of Labor Statistics, U.S. Department of Labor, Washington, D.C..

2. Assistant Commissioner for Consumer Prices and Price Indexes at the Bureau of Labor Statistics, U.S. Department of Labor, Washington, D.C..

3. Chief, Division of Price and Index Number Research, Bureau of Labor Statistics; Associate Director for National Income, Expenditures, and Wealth Accounts, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C..

Abstract

In this paper, we first comment on the recent (1996) report of the Advisory Commission to Study the Consumer Price Index, appointed by the U.S. Senate Finance Committee, and the recommendations it contains. We then describe some of the initiatives currently underway at the Bureau of Labor Statistics—some of which were undertaken before the appearance of the Advisory Commission's report, others of which are part of a Consumer Price Index improvement initiative that was included as part of the President's 1998 budget proposal—which attempted to address the bias issues that were highlighted by the Advisory Commission.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

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