Where the original figure predates 1914, the inflation adjustment for the intervening period is based upon an estimate of CPI trends from a 1912 Royal Commission report that detailed food and rent prices in New Zealands four main centres from 1891.
Most significantly, the BBC estimated the CPI link to the licence fee, dependent on the conclusions of charter renewal, would deliver income of "around £350m per annum at the Bank of England's target inflation rate of 2%".
This paper has estimated the CPI measurement bias for Argentina during its recent democratic period.
The Congressional Budget Office has estimated chained CPI would result in COLAs that are 0.25percentt smaller going forward.
"Hence Democrat interest in same". The Congressional Budget Office estimates that chained CPI would reduce Social Security spending by $127 billion and increase tax revenue by $123 billion over 10 years.
With the names of more than 700,000 backers, Carson's mailing list could be worth millions, CPI estimated, if he rented out the database to other candidates and committees.
To estimate the bias in CPI measurement, we use Eq. (11) which allows to estimate the magnitude (as well as the statistical significance) of the bias.
Johannes Hoffmann, an economist at the Bundesbank, estimates that Germany's CPI overstates the annual inflation rate by three-quarters of a percentage point.
dThis estimate is derived from CPI-U Honolulu (Food and Beverages), Table 14.4 (2004, 2005, and 2010), State of Hawai'i Databook from a base value of $3.68 billion, sourced from the BLS Consumer Expenditures Survey, 2004-2005.
The Congressional Budget Office estimates that the chained CPI would save $217 billion from 2012 to 2021.
