search query: @author Zieschang, K. / total: 2
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| Author: | Lequiller, F. Zieschang, K. |
| Title: | Drift in producer price indices for the former Soviet Union countries |
| Journal: | Staff Papers
1994 : SEP, VOL. 41:3, p. 526-532 |
| Index terms: | PRICE INDICES SOVIET BLOC ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | This paper shows that, under the price fluctuations that characterize most transition economies, the coomonly used chain index derived from the published month-to-month price change of the producer price index (PPI) in most cases dramatically overstates the rate of price inflation. This drift, which is due to the use of a non-standard formula , could affect any price index compiled with the same nonstandard formula. The drift declines with slower rates of inflation but is still important for countries in which monthly inflation continues to run at nearly 10%. |
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