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Economic & Labour Market Review (2008) 2, 35–39; doi:10.1057/elmr.2008.74
Decomposing the Retail Sales Index implied price deflator and the CPI
Richard McCrae1, Craig H McLaren1, John Wood1 and Robin Youll1
1Office for National Statistics
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Examines the relationship between the two measures, highlighting contributions of different products to differences in growth rates over time
This article examines the relationship between the implied price deflator derived from the Retail Sales Index and the change in prices calculated from a comparable price index constructed using components of the Consumer Prices Index. A decomposition approach is used to highlight the contribution of different products to the difference in growth rates over time.
Full Version
The Full Text of this article can be found on the National Statistics website(http://www.statistics.gov.uk/elmr/05_08/downloads/elmr_may08_mccrae.pdf).
