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COST-OF-LIVING BIAS

Statistics Directorate    
Definition:
An alternative term used to describe ‘substitution bias’.

Source Publication:
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Consumer Price Index Manual: Theory and Practice, International Labour Office, Geneva.

Cross References:
Substitution bias

Hyperlink:
http://www.ilo.org/public/english/bureau/stat/guides/cpi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Thursday, February 20, 2003

Last updated on Monday, July 18, 2005