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The biases of CPI

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Intro to the four biases that make CPI inaccurate

Intro to the four biases that make CPI inaccurate

Intro to the four biases that make CPI inaccurate

6:26

About this lesson

4 Bias of CPI
  • New Goods Bias
  • Quality Change Bias
  • Commodity Substitution Bias
  • Outlet Substitution Bias

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Video 1 of 3

Intro to the four biases that make CPI inaccurate

6 min

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Consequences and magnitude of CPI biases

3 min

Alternatives to CPI: Chained CPI, PCE deflator, and GDP deflator

10 min

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