Adequacy of the Administration's Anti-inflation Program: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-sixth Congress, First Session ....

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Page 15 - Mail questionnaires are used to obtain public utility rates, some fuel prices, and certain other items. In calculating the index, price changes for the various items in each location are averaged together with weights which represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a US city average. Separate indexes are also published...
Page 15 - CPI's for two population groups: (1) a new CPI for All Urban Consumers (CPI-U) which covers approximately 80 percent of the total noninstitutional civilian population; and (2) a revised CPI for Urban Wage Earners and Clerical Workers (CPI-W) which represents about half the population covered by the CPI-U.
Page 15 - The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services.
Page 159 - Food Food at home Cereals and bakery products . Meats, poultry, fish, and eggs Dairy products Fruits and vegetables Other food at home Food away from home Alcoholic beverages...
Page 15 - Workers (CPI-W) which represents about half the population covered by the CPI-U. The CPI-U includes, in addition to wage earners and clerical workers, groups which historically have been excluded from CPI coverage, such as professional, managerial, and technical workers, the selfemployed, short-term workers, the unemployed, and retirees and others not in the labor force. The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services,...
Page 515 - ... graduate student in physiology and received an MA in 1939 and a Ph. D. in 1941. Since 1942 I have been a member of the faculty of the School of Optometry at Berkeley and for the past 5 years I have served as dean of the School of Optometry of the University of California. It should be clearly understood that the opinions I express are my own and do not necessarily represent the opinion of the university, the American Optometric Association, or any other group or individual. My claim on your attention...
Page 359 - I would like for you to have before you, which I would like to have made a part of the record, if that is feasible.
Page 70 - The views expressed in this statement represent the views of the Commission. My responses to any questions you may have are my own and do not necessarily reflect the views of the Commission or any individual Commissioner.
Page 373 - ... of such an index. But the "constantutility" index is not adequately defined nor does the Committee lay down any guidelines as to how it might be constructed. In considering the Committee's recommendation, therefore, one is forced to resort to conjecture. The CPI, as it is now computed, measures the change in prices of a fixed market basket of goods and services the composition of which has been determined by the actual pattern of expenditures of the group covered by the index at the time of its...
Page 74 - Chairman, and members of the subcommittee, that concludes my prepared remarks. I would be glad to respond to any questions that you may have.

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