E3 - Prices, Business Fluctuations, and Cycles

  • Measurement Biases in the Canadian CPI

    Technical Report No. 64 Allan Crawford
    The consumer price index (CPI) may be an imperfect measure of changes in the cost of living owing to measurement biases known as commodity substitution bias, new goods bias, quality bias and outlet substitution bias. When the sum of these individual biases is positive, the rate of change in the CPI overstates the increase in […]
    Content Type(s): Technical Reports Topic(s): Inflation and prices JEL Code(s): E, E3, E31

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