Over the past couple of years, it turns out that chained CPI
measures paint a picture pretty similar (although not exactly the same) to the one painted by PCE measures.
Led by credit tenants, many leases only had provisions for CPI
escalations; not for reasonable market level expectable base rental increases.
Improvements made to the CPI
from 1978 to 1998 and reflected in the CPI
In that regard, a striking aspect of the hearings that the subcommittee held last year was the virtual unanimity that a price index that tracks the cost of purchasing a fixed market basket of goods and services, such as the CPI
now does, represents an upper bound on changes in the true cost of living.
The experimental CPI
will seek to address one of the issues raised by the Boskin commission known as substitution bias.
The record suggests that, as the prospect of plaintiff's personal debt increasingly weighed upon plaintiff during July and August, 1994, he was inclined to overreach corporate limitations and squeeze cash not only out of CPI
, but also from other family business interests," Judge Mize wrote in his order.
According to the Boskin panel, the CPI
consistently overestimates inflation in the national economy.
The Labor Department, using the current CPI
numbers to adjust for inflation, reports a 13 percent fall in average real earnings from 1973 to 1995, a conclusion which has been used to push for higher minimum wages, the reinvigoration of unions, government training programs and mandates, etc.
The five-person panel recommended Wednesday that the Labor Department develop a new Cost of Living Index to replace the CPI
with a more accurate measure.
Joseph Azrack, President and Chief Executive Officer of Citigroup Property Investors, stated, "We are very pleased with the closing of CPI
Capital Partners Asia Pacific.
The commission also will suggest solutions, including scrapping the CPI
altogether as a cost-of-living adjustment and replacing it with an alternate gauge, said the sources, who spoke on condition of anonymity.
has agreed to dismiss its lawsuit against TANDBERG ASA, filed on May 12, 2005, in the U.