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Some Aspects of Seasonality in the Consumer Price Index

H. E. Riley
Journal of the American Statistical Association
Vol. 56, No. 293 (Mar., 1961), pp. 27-35
DOI: 10.2307/2282327
Stable URL: http://www.jstor.org/stable/2282327
Page Count: 9
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Some Aspects of Seasonality in the Consumer Price Index
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Abstract

The Consumer Price Index of the Bureau of Labor Statistics is subject to a variety of seasonal influences, some of which are related to supply and some to demand factors. Recent calculations of seasonal indexes for the CPI and its major components reveal that there is little seasonality in the index as a whole, although some items show seasonal price movements of considerable magnitude. Although B.L.S. has not thus far published a seasonally corrected CPI, it has given attention to the practical problems of seasonality. Widespread use of the CPI for wage escalation emphasizes the need for consideration of the problem.

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