The retail price index and the cost-of-living index: Testing for consistency in theory and practice.
This paper tests the published section-level price and weight data used in the compilation of the UK retail price index (RPI) for consistency with the theory of the cost-of-living index. We use a non-parametric test of theoretical consistency and bootstrap statistical methods to estimate the probabi...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
IFS
2004
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