Bias in the CPI: Experiences from Five OECD Countries - ARCHIVED

The debate on the measurement bias in the Consumer Price Index (CPI) arising from the U.S. "Advisory Commission to Study the Consumer Price Index", better known as the Boskin report, is not new and has been around for a number of decades. However, several circumstances made the current debate special.

This publication, Bias in the CPI: experiences from five OECD countries, presents the experience and point of view of five different countries relative to the measurement bias in the CPI. While most statistical agencies recognise that their CPIs are not perfect measures of inflation, some agencies of the Organisation for Economic Co-operation and Development (OECD) countries have consistently developed research agendas designed to improve its measurement.