Introducing the “More Accurate Consumer Price Index”

Introducing the “More Accurate Consumer Price Index” Scott Winship American Enterprise Institute Abstract Particularly since the 1990s, federal statistical agencies have worked to improve the ability of various price indexes to measure changes in the cost of living. However, in recent years, some have sent mixed signals to researchers about the relative merits of different measures.

As a result, academic and policy researchers routinely use theoretically and empirically inferior price indexes in...