Download This PaperCore CPI: Excluding Food, Energy...And Used Cars?
6 Pages Posted: 21 Jul 2007
Date Written: April 1996
Abstract
Although used car prices represent only a small portion of the consumer price index, their extreme volatility has had a major impact on the measured inflation rate. To explain this relationship, the authors describe how used cars are treated in the CPI and explore what might cause the wide swings in used car prices.
Keywords: core CPI, used car component, volatility, auction prices versus consumer transaction prices
JEL Classification: E, O
Suggested Citation: Suggested Citation
Peach, Richard W. and Alvarez, Karen, Core CPI: Excluding Food, Energy...And Used Cars? (April 1996). Current Issues in Economics and Finance, Vol. 2, No. 4, April 1996, Available at SSRN: https://ssrn.com/abstract=1001239 or http://dx.doi.org/10.2139/ssrn.1001239
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