Download or read book Some Thoughts on the Housing Component of the Consumer Price Index written by Reuben Gronau and published by . This book was released on 2019 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past two decades were a turnaround as far as inflation concerned. For the first time in Israel's history, it enjoyed “price stability”. In 2003, the government set the inflation target at its current level of 1-3 percent, and though the inflation rate stayed within this range in only five of the next fourteen years, the average annual inflation rate since then was well within the target (1.2 percent). The combination of the modest pace and the small number of “hits” reflects the considerable volatility of price changes of the consumption basket. No component of the Consumer Price Index (CPI) contributed more to this volatility than the housing price component, measuring the cost of housing “services” (as distinct from the “Dwellings Price Index” index which measures that of the “assets”).1 As Figure 1 shows, whereas in the first 3 years, 1999-2002, the housing price component rose 1.6 times faster than the total CPI for those years, in the following five years, it sank at an annual pace of nearly 2 percent, and was the main reason for the modest CPI inflation in those years. Since then, the housing price component rose 2.5 times more rapidly than have the other components of the CPI, boosting the weight of housing in the basket from 21.4 percent in 1999 to 24.7 percent in 2016.
Download or read book Consumer Price Index written by United States. General Accounting Office and published by . This book was released on 1996 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Consumer Price Index written by Phillip Cagan and published by A E I Press. This book was released on 1981 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research paper on limitations of and alternatives to consumer price price index as a cost of living measurement in the USA - asseses merits and demerits as an index for escalating wages, social security and old age benefits, describes purpose, uses and construction, compares with alternative measures of price changes, and suggests changes for improvement by including housing costs and mortgage interests and updating the weight base more frequently, etc. References and statistical tables.
Download or read book Price Index Concepts and Measurement written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
Download or read book Housing Component of the Consumer Price Index written by United States. Congress. House. Committee on the Budget. Task Force on Inflation and published by . This book was released on 1980 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Component of the Consumer Price Index written by United States. Congress. House. Committee on the Budget. Task Force on Inflation and published by . This book was released on 1980 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Inflation on the Economy written by United States. Congress. House. Committee on the Budget. Task Force on Inflation and published by . This book was released on 1979 with total page 1302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hearings Before the Task Force on Inflation of the Committee on the Budget House of Representatives Ninety sixth Congress First Session written by United States. Congress. House. Committee on the Budget. Task Force on Inflation and published by . This book was released on 1979 with total page 954 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Relative Importance of Components in the Consumer Price Indexes written by and published by . This book was released on 1981 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Consumer Price Index written by United States. Bureau of Labor Statistics and published by . This book was released on 1977 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changes in the Consumer Price Index written by United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Census and Population and published by . This book was released on 1982 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of the Agricultural Component in the Consumer Price Index and the General Economic Outlook for Agriculture written by United States. Congress. House. Committee on Agriculture. Subcommittee on Department Operations, Research, and Foreign Agriculture and published by . This book was released on 1984 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Component of the Consumer Price Index written by United States. Congress. House. Committee on the Budget. Task Force on Inflation and published by . This book was released on 1980 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Price Index written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-13 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Consumer Price Index According to the Consumer Price Index (CPI), which is a type of price index, the price of a market basket of consumer goods and services that are purchased by households is the price of the market basket. The Consumer Price Index (CPI) is a statistic that tracks changes in prices over time. A representative basket of products and services is utilized in the calculation of the Consumer Price Index (CPI). In order to take into account the shifting patterns of consumer purchasing, the basket is updated on a regular basis. A representative sample of retail and service companies is contacted on a monthly basis to get the pricing of the items and services that are included in the basket. When there is a change in the quality or features, the prices are then modified accordingly. The changes in the Consumer Price Index (CPI) may be utilized to monitor inflation over a period of time and to compare the rates of inflation in other nations. Despite the fact that the Consumer Price Index (CPI) is not an ideal estimator of inflation or the cost of living, it is a helpful instrument for monitoring key economic variables. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Consumer price index Chapter 2: Inflation Chapter 3: GDP deflator Chapter 4: Market basket Chapter 5: Cost-of-living index Chapter 6: Personal consumption expenditures price index Chapter 7: Price index Chapter 8: Substitution bias Chapter 9: Retail Price Index Chapter 10: Harmonised Index of Consumer Prices Chapter 11: Core inflation Chapter 12: United States Consumer Price Index Chapter 13: Consumer Price Index (United Kingdom) Chapter 14: Törnqvist index Chapter 15: Economic indicator Chapter 16: Higher Education Price Index Chapter 17: Divisia index Chapter 18: Consumer price index by country Chapter 19: Indian consumer confidence index Chapter 20: Inflation in India Chapter 21: United States Chained Consumer Price Index (II) Answering the public top questions about consumer price index. (III) Real world examples for the usage of consumer price index in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of consumer price index.
Download or read book Targeting Inflation written by Dimitri B. Papadimitriou and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most observers of the Federal Reserve are willing to credit it with success at achieving low and stable rates of inflation. Many do not even question that the Fed's primary concern should be fighting inflation. However, the targets for monetary policy adopted by the Fed in recent years have not proven to be closely correlated with inflation, and commentators criticize the Fed's apparent predilection to choose whichever target appears to be pointing in the "right" direction. In the search for a target that seems to be closely correlated with inflation, some theorists and policymakers have advocated the use of a price index--most notably the consumer price index (CPI)--as both the target and the goal of monetary policy. Executive Director Dimitri B. Papadimitriou and Research Associate L. Randall Wray argue in this Public Policy Brief that the CPI deviates in several important respects from an ideal theoretical measure of inflation. An ideal measure would, first, accurately reflect market-caused price increases and, second, potentially be under the control of monetary policy. The authors show that the CPI fails in both respects. Papadimitriou and Wray attempt to determine which components of the CPI have tended to pull up the index and to analyze the avenues through which monetary policy might attenuate the rate of price increase of these individual components. Their investigation is consistent with recent concerns over apparent biases in the CPI when used as a cost-of-living index, but their analysis extends beyond such concerns; they also focus on how and why the CPI is not appropriate as a target or goal of monetary policy because the transmission mechanisms through which monetary policy is thought to affect the CPI are tenuous at best. The authors argue that this is due in part to the fact that components of the CPI involve "imputed" values that are largely unconnected with those fundamental market forces likely to be influenced by Fed policy. Papadimitriou and Wray note that although "it is beyond the scope of this Public Policy Brief to examine all of the components of the CPI, we are convinced that use of any index of price changes will be fraught with difficulties similar to those outlined here." The anomalies they find in the CPI's housing component data are not unique; rather, they "suspect there are other important anomalies reflected in the CPI that make it a poor measure of inflation to be used in monetary policy formation." Therefore, careful reconsideration of an alternative ultimate target, such as the rate of economic growth or the unemployment rate, is warranted. However, given the uncertainties involved in the choice of such ultimate targets, the authors think it would be premature for the Fed to commit to any particular goal, especially one of "price stability." Moreover, because the evidence presented here sheds doubt on how central banks might fight inflation or if they can reduce it, and because there is no credible evidence that a moderate rise in interest rates causes smooth curtailment of spending plans, the authors conclude that this is an inappropriate time to amend the Employment Act of 1946 and the Humphrey-Hawkins Act of 1978 and to require the Fed to focus on price stability and to ignore other important economic indicators of our nation's well-being.
Download or read book Budget Issues for Fiscal Year 1982 written by United States. Congress. House. Committee on the Budget and published by . This book was released on 1981 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:
