BLS: Misconceptions about the CPI

Addressing_misconceptions

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I’ve been meaning to get to this for weeks: Common Misconceptions about the Consumer Price Index: Questions and Answers.

I don’t buy their argument this, but I wanted to at least pass it along for those who are interested in seeing the BLS defense.

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Hat tip Mark Thoma

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Sources:
Addressing misconceptions about the Consumer Price Index
John S. Greenlees and Robert B. McClelland
Monthly Labor Review, August 2008
http://www.bls.gov/opub/mlr/2008/08/art1full.pdf

Common Misconceptions about the Consumer Price Index: Questions and Answers
http://www.bls.gov/cpi/cpiqa.htm

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