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May/June 1997, 
Vol. 79, No. 3
Posted 1997-05-01

The Commission Report on the Consumer Price Index

by Zvi Griliches

The author discusses problems with the measurement of the CPI, which he notes are not going to be fixed in the next revision. He further notes that quality change and new goods present two generic problems, one he calls “too late” and the other “too particular.”