Price Measurement and Mismeasurement in Central Asia
Summary:
The vertiginous increases in the overall price level and dramatic swings in relative prices experienced by Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan since the onset of the transition rendered their traditional Paasche retail price indices obsolete and called for the introduction of Laspeyres consumer price indices. While the latter represent a major improvement, several measurement or interpretation issues remain, reflecting various potential index number biases, dispersion of prices and inflation across geographical areas and social groups, discontinuities in the inflation process, residual shortages, and seasonality.
Series:
Working Paper No. 1995/082
Subject:
Consumer price indexes Consumption Income Inflation National accounts Price indexes Prices
Notes:
Prepared for a conference on "Poverty and Social Security in Central Asia" organized by the European University Institute, in Florence, on September 22-23, 1995, and to be published in Household Welfare in Central Asia.
English
Publication Date:
August 1, 1995
ISBN/ISSN:
9781451850406/1018-5941
Stock No:
WPIEA0821995
Pages:
30
Please address any questions about this title to publications@imf.org