Knowing the relationship between Producer Price Index (PPI) and Consumer (CPI) is crucial for deciding fiscal policies which will be implemented within scope of combating inflation. This has been examined econometrically in this study. Engle-Granger cointegration Granger causation methods were used study, monthly data 1996-1 2020-9 periods obtained from Central Bank TURKSTAT used. The stationar...

RECENT economic developments have aroused substantial interest in the treatment in the Consumer Price Index (CPI) of the cost of shelter for homeowners.' From December 1977, when the latest version of the CPI was introduced, until December 1980, the all-items CPI increased at an average annual rate of 11.6%, while the homeownership component increased at an average annual rate of 16.2%. Relativ...

The consumer price index (CPI) is usually computed as a fixed-weighted Laspeyres price index, with the weights updated at discrete intervals only. It is well known that the Laspeyres functional form entails a substitution bias. One way to reduce it would be to use chained indices, and superlative ones if possible. Unfortunately, the necessary data are often missing. This paper proposes a simple...

This paper investigates the e¤ects of replacing the consumer price index (CPI) with the wholesale price index (WPI) in the cointegrating international parity relationships found by Juselius and MacDonald (2000). Our empirical analysis outstandingly produced results similar to the ones obtained by Juselius and MacDonald, suggesting that the cointegration relationships in the international parity...

OBJECTIVE To describe the evolution of cigarettes' real price and affordability during the last decade in Argentina. METHODS To analyze the real price of cigarettes, the weighted average monthly price of a pack of 20 cigarettes was divided by the consumer price index (CPI) from 2004 to 2014. The relative income price (RIP) was evaluated for the same period, defining RIP as the percentage of t...

The commodity market super-cycle and food price crisis have been associated with rampant food insecurity and the Arab spring. A multitude of factors were identified as culprits for excessive volatility on the commodity markets. However, as it regards fertilizers, a clear attribution of market drivers explaining the emergence of extreme price events is still missing. In this paper, we provide a ...

As a result of public outrage over lower prescription drug prices in Canada, Congress passed legislation that would allow these drugs to be imported into the US. The lower Canadian prices reflect price regulation. Opponents of allowing these imports have argued that the US will import Canadian price controls and that profits of pharmaceutical companies will be hurt. In this paper, a model is de...