The Chained Consumer Price Index : What Is It and Would It Be Appropriate for Cost-of-Living Adjustments?

Author / Creator

Library of Congress. Congressional Research Service

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Online

Summary

Discusses BLS new chained CPI for all urban consumers, which is intended to produce a measure of change in consumer prices that is free of substitution bias. Reviews methodological and statistical ...

Discusses BLS new chained CPI for all urban consumers, which is intended to produce a measure of change in consumer prices that is free of substitution bias. Reviews methodological and statistical differences between current and chain-weighted CPI, and examines policy considerations.

This report is one in a series of updates. For the most recent coverage of this report series, please see 05-RL-32293 in the 2005 issue.

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