What is the Boskin Commission and what was its conclusion regarding the Consumer Price Index (CPI)? The Boskin Commission was a group of economist...
What is the Boskin Commission and what was its conclusion regarding the Consumer Price Index (CPI)?
The Boskin Commission was a group of economists that studied the CPI and concluded that it overestimated the inflation rate by around 1.1 percentage points.
Around 0.4 percentage points of the CPI's bias were due to the fact that the Laspeyres price index did not take into account changes in the composition of the consumption basket.
The Boskin Commission concluded that the CPI underestimated the inflation rate by around 1.1 percentage points.
The Boskin Commission was a group of politicians that studied the CPI and concluded that it overestimated the inflation rate by around 1.1 percentage points.
The Boskin Commission was a group of economists that studied the CPI and concluded that it overestimated the inflation rate by around 1.1 percentage points.
Around 0.4 percentage points of the CPI's bias were due to the fact that the Laspeyres price index did not take into account changes in the composition of the consumption basket.
The Boskin Commission concluded that the CPI underestimated the inflation rate by around 1.1 percentage points.
The Boskin Commission was a group of politicians that studied the CPI and concluded that it overestimated the inflation rate by around 1.1 percentage points.
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