Life Cycle Price Trends and Product Replacement: Implications for the Measurement of Inflation

Preprint OPEN
Daniel Melser; Iqbal A. Syed;
(2014)
  • Subject: Consumer price index (CPI), matched-model index, price skimming strategy, quality change bias, sample rotation
    • jel: jel:D22 | jel:E31 | jel:C43

The paper explores the extent to which products follow systematic pricing patterns over their life cycle and the impact this has on the measurement of inflation. Using a large US scanner data set on supermarket products and applying flexible regression methods, we find tha... View more
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