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Can inflation be accurately measured during a lockdown? 11/05/2020

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Article

Diewert, Erwin ; Fox, Kevin J.

IZA World of Labor

2020

1 p.

epidemic disease ; inflation ; economic analysis ; methodology

Economics

https://wol.iza.org/opinions/can-inflation-be-accurately-measured-during-a-lockdown

English

"The coronavirus pandemic has created major measurement problems for national statistical offices. Due to lockdowns in multiple countries, whole industries have been shut down and millions of goods and services that had been available to households and businesses have suddenly become unavailable. The resulting measurement problems are particularly acute for constructing the Consumer Price Index (CPI)..."

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