Testing the RPI data for consistency with the theory of the cost-of-living index

This paper tests the published section level price and weight data used in the compilation of the UK Retail Prices Index for consistency with the theory of the cost-of-living index. We use a nonparametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency

Testing the RPI data for consistency with the theory of the cost-of-living index

This paper tests the published section level price and weight dataused in the compilation of the UK Retail Prices Index for consistencywith the theory of the cost-of-living index. We use a nonparametric testof theoretical consistency and bootstrap statistical methods to estimatethe probability of consistency.