Dear PRIE Program Members -
I learned recently that the Office of Management and Budget is
requesting comments on alternative ways of constructing the CPI. I did
not think it made sense to write to the whole NBER community about this,
but there is so much expertise within the PRIE program on this topic, I
thought it was worth calling this request to your attention. The link
to the call for comments and a bit of background is below. All best wishes.
jim
***
The Office of Management and Budget OMB is seeking comment on the
differences among the various consumer price indexes produced by the
Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis
(BEA), and in particular how those differences might influence the
estimation of the Official Poverty Measure (OPM) and other income
measures produced by the Census Bureau. Based on the comments received
and internal discussions with experts, OMB will consider the need to
update the specific inflation measure used to adjust the OPM, as well as
the need for guidance to Federal agencies to communicate the strengths,
weaknesses, and best practices for selecting and using the different
indexes.
Consumer Inflation Measures Produced by Federal Statistical Agencies
https://www.regulations.gov/document?D=OMB-2019-0002-0001
File comments here:
https://www.regulations.gov/docket?D=OMB-2019-0002
Received on Thu May 23 2019 - 07:13:20 EDT
