Modernizing the Consumer Price Index for the 21st Century Abdón Montenegro Ignacio -What can be learned from

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Modernizing the Consumer Price Index for the 21st Century Abdón Montenegro Ignacio -What can be learned fromModernizing the Consumer Price Index for the 21st Century The Consumer Price Index (CPI), produced by the Bureau of Labor Statistics (BLS), is the most widely used measure of inflation in the U. S. It is used to determine cost of living allowances and, among many other important private and public sector applications,influences monetary policy. The CPI has traditionally relied on field generated data, such as prices observed in person at grocery