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A Statistical Applied Method, Drawing on the Consumer Price Index and its Investigative Qualities

Author

Listed:
  • Gheorghe SAVOIU

    (University of Pitesti)

Abstract

This paper describes the importance and utility of the CPI indices, from the general one to the detailed indices for food products, non – food products and for services and propose a statistical method based on the elasticity coefficient to analyse the evolutions ot these three important statistical instruments and of the real income, real consumption and real demand. The evaluations characterise the period of the entrance in the new millennium (2000) and the elasticity is reevaluated after eleven years in 2011. The methodology of this paper is only statistical, highlighting the qualities of as economic interpreter for elasticity of the index of consumer prices.

Suggested Citation

  • Gheorghe SAVOIU, 2013. "A Statistical Applied Method, Drawing on the Consumer Price Index and its Investigative Qualities," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(2), pages 116-122, May.
    • Handle: RePEc:rsr:supplm:v:61:y:2013:i:2:p:116-122
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    References listed on IDEAS

    as
    1. Emilian Dobrescu, 2011. "Some Issues Involved by the Policies Concerning Exchange Rate and Inflation. Quantitative Approach," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(29), pages 250-257, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    elasticity coefficient; consumer price index (CPI); inflation; real demand; real consumption; real income;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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