The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. It is a key statistic for economic and social policymaking and has substantial and wide-ranging implications for governments, businesses, and households. This important and comprehensive Manual provides guidelines for statistical offices and other agencies responsible for constructing CPIs, and explains in-depth the methods that are used to calculate a CPI. It also examines the underlying economic and statistical concepts and principles needed for making choices in efficient and cost-effective ways, and for appreciating the full implications of those choices.23.9 The net acquisitions approach to the treatment of owner-occupied housing is described by Charles Goodhart (2001, p. F350) as follows: The first is the net acquisition approach, which is the change in the price of newly purchasedanbsp;...
|Title||:||Consumer Price Index Manual|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-08-25|