Friday, April 18, 2014
Tweet[IWS] BLS: THE FIRST HUNDRED YEARS OF THE CONSUMER PRICE INDEX: A METHODOLOGICAL AND POLITICAL HISTORY [14 April 2014]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Monthly Labor Review
The first hundred years of the Consumer Price Index: a methodological and political history [14 April 2014]
http://www.bls.gov/opub/mlr/2014/article/the-first-hundred-years-of-the-consumer-price-index-1.htm
or
http://www.bls.gov/opub/mlr/2014/article/pdf/the-first-hundred-years-of-the-consumer-price-index.pdf
[full-text, 43 pages]
From businesses to government agencies to senior citizens, groups with often competing aims and desires use the Consumer Price Index. In attempting to satisfy their disparate needs, the Bureau of Labor Statistics frequently is challenged to produce a statistic that is both timely and accurate. This technical and political history explains both how and why the Bureau has come to produce a family of Consumer Price Indexes to address the challenge.
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