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Re: query

Jim:

The BLS replaced the CPI-U with the CPI-X1 in 1983 because the CPI-I included
appreciation of the asset value of a home and therefore confused the investment
and consumption dimensions of homeownership. The CPI-X1 tends to show a lower rate
of inflation.

Joel Blau

Jim Devine wrote:

> does anyone know the specifics of the Bureau of Labor Statistics' CPI-U-X1
> consumer price index? why is it preferred by mainstream macro-econometricians?
>
> thanks ahead of time.
>
> Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine
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