The Consumer Price Index And Consumer Well-Being: Developing A Fair Measure  

Oleh:

Samli, A. Coskun

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Macromarketing vol. 23 no. 2 (Aug. 2003), page 105-111.
Topik: cost of living; consumer price index; consumer well-being; price index for the poor
Fulltext: 105.pdf (78.44KB)

Isi artikel

This article explores the far-reaching implications of the Consumer Price Index (CPI) on the consumer well-being. There has been much debate recently regarding the CPI. It has been claimed that it exaggerates the realities of the economic conditions in favor of the poor. However,the author,by constructing two CPIs,one for the rich and one for the poor,maintains that,on the contrary,the current CPI does not fairly reflect the economic conditions that the poor are facing. If anything,it understates the cost of living for the poor. Thus,having only one representative national CPI is not quite fair. The article proposes at least one price index for the rich and one for the poor.

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