CPI vs RPI inflation indexes are among the most common and used by many big departments and industries, so they affect us differently. Let us take a look at some key differences between CPI and RPI: RPI has been put in use since 1916 when it was broadened to include items other than fo...
The formula effect is the difference between the inflation rates given by the CPI and RPI caused solely by differences in statistical technique for first-stagedoi:10.2139/ssrn.1816262Mark CourtneySSRN Electronic JournalMark Courtney, CPI and RPI Differences: the Formula Effect and the Identification ...
As part of a process of continual improvement, and to help ensure that the consumer prices index (CPI) and retail prices index (RPI) are representative of consumer spending patterns, the items that are priced in compiling the indices are reviewed each year. This article describes the review pr...
What are the distinctions between different inflation indices like CPI, PPI, RPI, WPI, CoLI, ECI, and the GDP deflator? How are Consumer Price Index(CPI) and Cost Inflation Index(CII) different from each other? What effect does inflation have on the...
The value of CPI is comparatively lower than the value of RPI. Conclusion Both CPI and RPI, reports the price changes, i.e. what is the cost of goods and services last year and what they cost at present. The basic cause of the differences in the figures of these two indexes is that...
What are the distinctions between different inflation indices like CPI, PPI, RPI, WPI, CoLI, ECI, and the GDP deflator? Most economists believe that the biases in the consumer price index cause the CPI to overstate the true infla...