CPI calculation to be revised for January price data
CPI calculation to be revised for January price data
- February 13, 2023
- Eric Swanson, economics, The Hill, Feb. 13, 2023
Economists have some concerns with the updated measurements. “There’s a lag between when the basket is measured and when it gets used in the CPI calculation, however,” Eric Swanson, a professor of economics at the University of California, Irvine, told The Hill. “For example, the weights they’re using this year are based on consumer patterns from 2021. This does raise some issues that maybe households spending patterns in 2021 were unusual because of the pandemic,” he said.
For the full story, please visit https://thehill.com/finance/3856258-cpi-calculation-to-be-revised-for-january-price-data/.
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