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This paper tests the published section level price and weight dataused in the compilation of the UK Retail Prices Index for consistencywith the theory of the cost-of-living index. We use a nonparametric testof theoretical consistency and bootstrap statistical methods to estimatethe probability of consistency.
Authors
Ian Crawford
Isabella Image
Working Paper details
- DOI
- 10.1920/wp.ifs.2002.0219
- Publisher
- IFS
Suggested citation
Crawford, I and Image, I. (2002). Testing the RPI data for consistency with the theory of the cost-of-living index. London: IFS. Available at: https://ifs.org.uk/publications/testing-rpi-data-consistency-theory-cost-living-index (accessed: 30 June 2024).
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