Is The CPI Vulnerable to Mood Swings?

By Amirul Syakirin Ahmad Jamil

May 2011 FEATURE
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IntroductionThe consumer price index or CPI measures price movements from one year to the next, giving us an indication of inflation. A variety of consumption items goes into computing the CPI but each is given a different weight. Data from surveys on consumption conducted by the Department of Statistics were used to assign these weights so that items that are likely to be consumed more are given more emphasis.We know that prices of some items we consume tend to change...

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Amirul Syakirin Ahmad Jamil

was an intern in SERI, and is a final year Bachelor of Science (Hons) Statistics student at UiTM Shah Alam.