Criteria for Choosing Between Alternative Consumer Price Index Number Formulae with Special Reference to Chained Indices

Author(s):  
M. S. Silver
1998 ◽  
Vol 12 (1) ◽  
pp. 47-58 ◽  
Author(s):  
W. Erwin Diewert

This paper addresses the following issues: what is an appropriate theoretical consumer price index that statistical agencies should attempt to measure; what are some of the possible sources of biases between the fixed base Laspeyres price index that statistical agencies produce and the theoretical cost-of-living index; and what factors will make the biases larger or smaller and how will the biases change as the general inflation rate changes? This paper addresses all of the issues mentioned above and discusses what statistical agencies can do to reduce the biases.


2019 ◽  
Vol 16 (6) ◽  
pp. 67-76
Author(s):  
M. A. Kozlova

The purpose of this research is a detection of U.S. consumer price index development and change ways emerged in the second half of XX century. Consumer price index is considered as a practically evaluable index number.Materials and methods. This research is based on the methodology documents of U.S. Bureau of Labor Statistics and its theoretical and practical papers published in Monthly Labor Review. The basic method is historical and descriptive techniques.Results. Data generalization for U.S. consumer price index across five revisions is realized in structure of the calculation method, adapted by ROSSTAT for the national consumer price index. Firstly the dynamic of number of cities, included in consumer price survey and changes of its sample is analyzed. Secondly the principles of point of purchase sampling is in focus. Thirdly the set of goods and services and dynamics of its structure are considered. Fourthly there is a generalization of pricing procedure principles that is frequency according to the type of cities and feature of goods and services. Fifthly the source and limits of data collecting for weights which needed for consumer price index calculation on the high level of aggregation. And sixthly there is description of mean price and price index calculation.Conclusion. The main ways of development and transformation in U.S. consumer price index are defined. It may be considered as alternative solutions in consumer price index of other countries. The main ways are the increase of city and goods sampling, extension of probability use, formation of good classification, equal temporal interval of weight renovation and creation of price index system.


2019 ◽  
Vol 3 (1) ◽  
pp. 25-34
Author(s):  
Fazhar Sumantri ◽  
Umi Latifah

Consumer Price Index (CPI) is an index number indicates the price level of commodity and services must be purchase by consumers inone period. The purpose of the research is to analyze macroeconomics impact to CPI on variable Interest Rate of Credit, Money Supply, USD Exchange Rate, and Inflation as variables. Data used in this research was taken from Central Statistics Agency Indonesia and The Central Bank of The Republic of Indonesia. The result from F test shows significant relationship in Interest Rate of Credit, Money Supply, USD Exchange Rate, and Inflation to CPI. Meanwhile t test shows there is no significant relationship between Money Supply and USD Exchange Rate to CPI, while significant relationship Interest Rate of Credit and Inflation to CPI. Based on Adjuted R Square; Interest Rate of Credit, Money Supply, USD Exchange Rate, and Inflation towards to CPI is 65.6% while the rest of it 34.4% was influenced by other factors.


2019 ◽  
Vol 3 (2) ◽  
pp. 110
Author(s):  
Halida Sofiah Noor ◽  
Cucu Komala

The Consumer Price Index is an important indicator of the financial market. The Consumer Price Index (CPI) is an index number that describes changes in prices of goods and services consumed by the public in general for a certain period with a predetermined time period. National expenditure according to CPI is divided into four sub-groups, namely the first general sub-group, the second sub-group of foodstuffs the third sub-group of processed foods, beverages, cigarettes and tobacco and fourth sub-group housing, water, electricity, gas and fuel development CPI 2018, every month from January to December tends to increase. Changes in CPI can describe the rate of increase (inflation) or the rate of decline (deflation) of goods or services. CPI can be regarded as a very important economic indicator and is used to represent changes in the average retail price level at the consumer level for a number of certain types of goods and services. The rise in the CPI can lead to an increase in interest rates, increase in money supply growth, increase the attractiveness of currencies, and increase inflation.


2017 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Hansen Rusliani

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.


2016 ◽  
Author(s):  
Steven Paben ◽  
William Johnson ◽  
John Schilp

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

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