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Using Engel Curves to Estimate the Bias in the Australian CPI

Economics

Using Engel Curves to Estimate the Bias in the Australian CPI

G. F. Barrett and M. Brzozowski

This research by Garry F. Barrett and Matthew Brzozowski dives into the accuracy of the Australian Consumer Price Index (CPI) as a measure of living costs. It reveals that the CPI overstated the change in living costs by a staggering 34% from 1975 to 2004, particularly affecting single adults and lone-mother families. Find out more!

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~3 min • Beginner • English
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