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IFS Working Papers
November 2002 W02/19
Article
Testing the RPI data for consistency with the theory of the cost-of-living index
Type: IFS Working Papers
Authors: Ian Crawford and Isabella Image
ISSN: 1742-0415
Volume, issue, pages: 15 pp

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This paper tests the published section level price and weight dataused in the compilation of the UK Retail Prices Index for consistencywith the theory of the cost-of-living index. We use a nonparametric testof theoretical consistency and bootstrap statistical methods to estimatethe probability of consistency.

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