1. bookVolume 38 (2022): Issue 1 (March 2022)
    Special Issue on Price Indices in Official Statistics
Journal Details
License
Format
Journal
eISSN
2001-7367
First Published
01 Oct 2013
Publication timeframe
4 times per year
Languages
English
access type Open Access

“Measuring Inflation under Pandemic Conditions”: A Comment

Published Online: 29 Mar 2022
Volume & Issue: Volume 38 (2022) - Issue 1 (March 2022)<br/>Special Issue on Price Indices in Official Statistics
Page range: 295 - 300
Received: 01 Feb 2021
Accepted: 01 Oct 2021
Journal Details
License
Format
Journal
eISSN
2001-7367
First Published
01 Oct 2013
Publication timeframe
4 times per year
Languages
English
Abstract

Diewert and Fox (2022) examine various implications of the 2020 COVID-19 pandemic for constructing consumer price indexes. The authors state that the pandemic caused major changes in consumption expenditures and shares which makes fixed basket index number formulae inapplicable. They emphasize the need for more frequent surveys of consumer expenditure which will enable compilation of the Fisher index which is considered superior to the traditional Laspeyres or Young indexes. In addition, Diewert and Fox discuss the use of various “new” technologies such as web scraping, scanner data, and information from transactions through credit cards to estimate consumption expenditure.

Keywords

Diewert, E.W. and K.J. Fox. 2022. “Measuring Inflation under Pandemic Conditions.” Journal of Official Statistics, this issue.10.2478/jos-2022-0012 Search in Google Scholar

Statistical Bureau of Japan 2022. Frequently Asked Questions: the Consumer Price Index. Available at: http://www.stat.go.jp/data/cpi/4-1.html#Z8 (accessed February 2022). Search in Google Scholar

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