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Testing the RPI data for consistency with the theory of the cost-of-living index

Crawford, I.; Image, I.; (2002) Testing the RPI data for consistency with the theory of the cost-of-living index. (IFS Working Papers W02/19). Institute for Fiscal Studies: London, UK. Green open access

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Abstract

This paper tests the published section level price and weight data used in the compilation of the UK Retail Prices Index for consistency with the theory of the cost-of-living index. We use a nonparametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency.

Type: Working / discussion paper
Title: Testing the RPI data for consistency with the theory of the cost-of-living index
ISBN: http://www.ifs.org.uk/wps/wp0219.pdf
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ifs.org.uk/wps/wp0219.pdf
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/2947
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