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 [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
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