A Newly Identified Source of Potential CPI Bias

Weekly versus Monthly Unit Value Price Indexes

Journal Article (2016)
Author(s)

EW Diewert (University of British Columbia, University of New South Wales)

K.J. Fox (University of New South Wales)

J. de Haan (TU Delft - OLD Housing Systems)

Research Group
OLD Housing Systems
DOI related publication
https://doi.org/10.1016/j.econlet.2016.02.022
More Info
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Publication Year
2016
Language
English
Research Group
OLD Housing Systems
Volume number
141
Pages (from-to)
169-172

Abstract

We find that unit value prices used for constructing the CPI should be for the same period as the index to be constructed, rather than for a sub-period. The latter approach can lead to an upward bias in the CPI.

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