Inflation should no longer be a politically sensitive indicator.
Indeed, since the early 1980s, macroeconomic policies have managed
to contain it. Yet the consumer price index (CPI), which is the
main indicator for measuring inflation, remains very frequently
consulted by citizens, due to its multiple uses. The CPI is used
for indexing wages, pensions, but also various contracts such as
food pensions. It is also used by National Accounts to deflate
macroeconomic values and to provide data in "real" terms. But how
is this CPI measured? index? What reforms have happened to give
shape to the XXIst century CPI? This book presents the CPI based on
the study of the controversies that have marked its history. Set in
both the socio-economic and ideas contexts, these controversies
show the eminently conventional and political nature of the CPI
and, therefore, of many other macroeconomic indicators, such as
growth or productivity.
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