Indexes of Retail Prices of New Cars-Consumer Price Index

1961 ◽  
Vol 34 (4) ◽  
pp. 490
Author(s):  
Allen F. Jung
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Retail Prices

scholarly journals The Billion Prices Project: Using Online Prices for Measurement and Research

2016 ◽  
Vol 30 (2) ◽  
pp. 151-178 ◽  
Author(s):  
Alberto Cavallo ◽  
Roberto Rigobon
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Economic Research ◽  
Sources Of Information ◽  
Advantages And Disadvantages ◽  
Reliable Source ◽  
Price Indexes ◽  
Retail Prices ◽  
Project Data ◽  
Source Of Information

A large and growing share of retail prices all over the world are posted online on the websites of retailers. This is a massive and (until recently) untapped source of retail price information. Our objective with the Billion Prices Project, created at MIT in 2008, is to experiment with these new sources of information to improve the computation of traditional economic indicators, starting with the Consumer Price Index. We also seek to understand whether online prices have distinct dynamics, their advantages and disadvantages, and whether they can serve as reliable source of information for economic research. The word “billion” in Billion Prices Project was simply meant to express our desire to collect a massive amount of prices, though we in fact reached that number of observations in less than two years. By 2010, we were collecting 5 million prices every day from over 300 retailers in 50 countries. We describe the methodology used to compute online price indexes and show how they co-move with consumer price indexes in most countries. We also use our price data to study price stickiness, and to investigate the “law of one price” in international economics. Finally we describe how the Billion Prices Project data are publicly shared and discuss why data collection is an important endeavor that macro- and international economists should pursue more often.

Retail and Consumer Prices, 1955-1963

1964 ◽  
Vol 30 ◽  
pp. 44-51 ◽  
Author(s):  
W. A. H. Godley ◽  
D. A. Rowe
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
National Income ◽  
Food Prices ◽  
The Other ◽  
Short Term ◽  
Unit Costs ◽  
Correct Analysis ◽  
Consumer Prices ◽  
Retail Prices

This paper gives an account of a method of forecasting the Ministry of Labour's retail prices index, and of deriving from it a forecast of the consumer price index. (This is the index used in the National Income statistics to deflate the value of consumers' expenditure to volume terms.) Good forecasting obviously has to be based on a correct analysis of the factors which determine price changes; the article throws light on the way in which cost changes are taken into account when prices are changed. It seems that retail prices (apart from seasonal food prices) do not respond directly to short-term fluctuations in demand and output. Businessmen do not raise prices because demand suddenly rises; nor on the other hand do they lower them when output moves up sharply and unit costs fall. The analysis, therefore, provides further support for the ‘normal cost’ theory of pricing—that businessmen set prices by calculating their costs when working at some normal capacity, and add a conventional margin.

Wholesale and Retail Prices in the Nineteenth Century

1958 ◽  
Vol 18 (3) ◽  
pp. 298-316 ◽  
Author(s):  
Ethel D. Hoover
Keyword(s):  
World War I ◽  
Price Index ◽  
Consumer Price Index ◽  
Wholesale Price ◽  
Department Of Agriculture ◽  
Goods And Services ◽  
Wholesale Price Index ◽  
Price Indexes ◽  
Retail Prices ◽  
Bureau Of Labor Statistics

Today's best-known price indexes for Wholesale Price and Consumer Price Indexesthe Unitedof theStates are the Bureau of Labor Statistics, and the Indexes of Prices Received and Paid by Farmers, issued by the Department of Agriculture. These indexes, however, are comparatively new. The “Wholesale Price Index” dates from 1902 with indexes covering the years 1890-1901. The “Consumer Price Index” is of even more recent origin. Retail food price indexes were established on a regular basis in 1901, again with data back to 1890. Other goods and services were not added until after World War I, with estimates back to 1913 based on special studies in shipbuilding cities. The “Index of Prices Received by Farmers” was issued by the Department of Agriculture in 1924 and “Prices Paid by Farmers” in 1928. Botfi of these series were extended back to 1910.

Dampak Penerapan Perbankan Syari’ah Terhadap Pertumbuhan Ekonomi Negara: Kajian Perbandingan Malaysia dan Indonesia

2017 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Hansen Rusliani
Keyword(s):  
Gross Domestic Product ◽  
Response Function ◽  
Price Index ◽  
Vector Autoregression ◽  
Consumer Price Index ◽  
Domestic Product

Penelitian ini bertujuan untuk mengetahui dampak perbankan syari’ah terhadap pertumbuhan ekonomi di Indonesia dan Malaysia. Data yang digunakan dalam penelitian ini merupakan data primer (interview) dan data sekunder dalam bentuk bulanan yang diperoleh dari Badan Pusat Statistik Ekonomi dan Keuangan Indonesia Bank Indonesia (SEKI-BI) dan Statistik Perbankan Syari’ah Bank Indonesia (SPS-BI) serta data dari Bank Negara Malaysia dan Departemen Statistik Malaysia dalam periode waktu kurun waktu 16 tahun, 2000 sampai dengan 2015. Observasi penelitian dilakukan di Indonesia dan Malaysia untuk memperkaya analisis. Penelitian ini menggunakan Vector Autoregression (VAR), Uji Kointegrasi serta dikombinasikan dengan Response Function (IRF) dan Decomposition (FEVD) untuk melihat interaksi antara faktor makro ekonomi dengan pembiayaan dalam jangka panjang. Adapun variabel yang digunakan adalah total pembiayan syari’ah (Total Syari’ah Financing) dan Gross Domestic Product (GDP) sebagai representasi pertumbuhan ekonomi. Untuk tambahan variabel digunakan Consumer Price Index (CPI) sebagai representasi tingkat inflasi. Hipotesis penelitian yaitu terdapat pertumbuhan ekonomi setiap tahunnya dikedua negara tersebut pasca krisis moneter.

The 2018 revision of the Consumer Price Index geographic sample

2016 ◽  
Author(s):  
Steven Paben ◽  
William Johnson ◽  
John Schilp
Keyword(s):  
Price Index ◽  
Consumer Price Index

Using the Consumer Price Index in Forecasting for Small Geographic Areas

1994 ◽  
Vol 9 (3) ◽  
pp. 391-401
Author(s):  
Joseph Rabianski ◽  
Julian Diaz ◽  
Neil Carn
Keyword(s):  
Price Index ◽  
Consumer Price Index

Errors in National Institute Forecasts of Personal Incomes, Inflation and Employment, 1965-75

1976 ◽  
Vol 78 ◽  
pp. 48-57 ◽  
Author(s):  
A.J.H. Dean
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
The Other ◽  
Forecasting Performance ◽  
Current Price ◽  
Personal Incomes

This article examines the accuracy of the National Institute's forecasts of incomes, inflation and employment from 1965 to 1975. It is found that in recent years the Institute has tended to underestimate inflation, although less seriously for the consumer price index than the other current price variables studied. The accuracy of the forecasts has generally increased in relative terms, although it has deteriorated in absolute terms. The forecasting performance in 1974 was particularly poor but there has been a distinct improvement in 1975 and 1976.

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