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Diane Publishing Books
Consumer Price Index: More Frequent Updating of Market Basket Expenditure Weights Is Needed
Kathleen K. Scholl. Examines certain questions surrounding the issue of more frequent revision of the “market basket,” the fixed amount of goods & services that people buy for daily living, which is tracked by the Consumer Price Index (CPI). This report focuses on the market basket’s expenditure weights & whether they could be updated between major revisions to the CPI. The principal task in an update would be to change -- make more current -- the expenditure weights that had been determined during the last major CPI revision. Charts & tables.
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