<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

“Measuring Inflation under Pandemic Conditions”: A Comment

Journal of Official Statistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"\u201cMeasuring Inflation under Pandemic Conditions\u201d: A Comment"}

Diewert and Fox (2022) examine various implications of the 2020 COVID-19 pandemic for constructing consumer price indexes. The authors state that the pandemic...

“Measuring Inflation under Pandemic Conditions”: A Comment

Pubblicato online: 29 mar 2022

Pagine: 295 - 300

Ricevuto: 01 feb 2021

Accettato: 01 ott 2021

DOI: https://doi.org/10.2478/jos-2022-0015

Parole chiave
Price index, COVID-19, demand shocks, supply shocks

© 2022 Naohito Abe, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

“Measuring Inflation under Pandemic Conditions”: A Comment

Pubblicato online: 29 mar 2022

Pagine: 295 - 300

Ricevuto: 01 feb 2021

Accettato: 01 ott 2021

DOI: https://doi.org/10.2478/jos-2022-0015

Parole chiavePrice index, COVID-19, demand shocks, supply shocks

© 2022 Naohito Abe, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Parole chiave
Price index, COVID-19, demand shocks, supply shocks