A Political Economy of the Measurement of Inflation : The case of France
2020 ed.
Book Details
Format
Paperback / Softback
ISBN-10
3030599426
ISBN-13
9783030599423
Edition
2020 ed.
Publisher
Springer Nature Switzerland AG
Imprint
Springer Nature Switzerland AG
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 13th, 2022
Print length
139 Pages
Product Classification:
EuropeEconomicsEconomic growthPolitical economy
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Set in both the socio-economic and ideas contexts, these controversies show the eminently conventional and political nature of the CPI and, therefore, of many other macroeconomic indicators, such as growth or productivity.
Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation, remains very frequently consulted by citizens, due to its multiple uses. The CPI is used for indexing wages, pensions, but also various contracts such as food pensions. It is also used by National Accounts to deflate macroeconomic values and to provide data in "real" terms. But how is this CPI measured? index? What reforms have happened to give shape to the XXIst century CPI?
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