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Home > Art, Film & Photography > Price Index Theory: Price Indices, Consumer Price Index, United States Consumer Price Index, Consumer Price Index by Country
Price Index Theory: Price Indices, Consumer Price Index, United States Consumer Price Index, Consumer Price Index by Country

Price Index Theory: Price Indices, Consumer Price Index, United States Consumer Price Index, Consumer Price Index by Country


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 28. Chapters: Price indices, Consumer price index, United States Consumer Price Index, Consumer price index by country, Christmas Price Index, Hedonic index, U.S. Import and Export Price Indexes, List of price index formulas, Cost-of-living index, U.S. Producer Price Index, Measurement in economics, Retail Price Index, Personal consumption expenditures price index, Harmonised Index of Consumer Prices, Yrjo Vartia, Quality bias, Wholesale price index, U.S. Import Price Index, Higher Education Price Index, Lipstick index, Employment Cost Index, Prices paid index, Prices received index, Monetary Union Index of Consumer Prices. Excerpt: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census and the USA National Income and Product Accounts, one of the most clo...


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Product Details
  • ISBN-13: 9781233142460
  • Publisher: Books LLC, Wiki Series
  • Publisher Imprint: Books LLC, Wiki Series
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Weight: 73 gr
  • ISBN-10: 1233142461
  • Publisher Date: 19 Aug 2011
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Price Indices, Consumer Price Index, United States Consumer Price Index, Consumer Price Index by Country
  • Width: 189 mm


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