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December 1993, Vol. 116, No. 12

Basic components of the CPI: estimation of price changes

Brent R. Moulton
Economist, Division of Price and Index Number Research, Bureau of Labor Statistics

The use of a Laspeyres type of formula in calculating the Consumer Price Index may be improved by incorporating an alternative formula that combines the geometric mean index with the Laspeyres formula.

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Related BLS programs
Consumer Price Index
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