"The fundamental problem is that we have legislated a mechanical procedure to implement cost-of-living adjustments where--given the problems inherent in any statistical measure of aggregate prices--there is a need for the application of sound judgment," Greenspan said.
The estimates also contribute to our understanding of the behavior of the aggregate price of land.
Policy-makers should not disregard the effect of e-commerce on properties of the aggregate price level and inflation as pricing in online markets does differ from that in brick-and-mortar stores.
Estimates of the extent of inflation vary by source, method used, estimation technique, and definition of the aggregate price level.
Macroeconomists typically think about the economy, without too much focus for specific sectors –measuring in terms of the aggregate "price level" (inflation), unemployment, demand and supply (GDP).
The company is not the first to attempt to aggregate pricing of online groceries and household goods from multiple sources – a startup called NetPlenish raised $1.9 million in seed funding last spring for a similar idea which would allow shoppers to buy from a variety of online merchants, including many that mySupermarket now indexes.
Citizens Utilities said yesterday that it has agreed to sell all of its electric utility operations, including its Arizona and Vermont divisions and the Kauai Electric Company of Hawaii, for an aggregate price of $535 million.
For purposes of paragraph (c)(3)(ii) of this section, the term aggregate price of parts and accessories (and their installation) refers to all purchases and installation charges, not including replacement parts and accessories, made with respect to a vehicle within the 6 month period provided for in paragraph (c)(1) of this section.
Google Acquisition Holdings, a Google subsidiary, is to make a public cash offer to acquire all shares of Global IP Solutions for $2.12 in cash per share, which represents an aggregate price of approximately $68.2 million based on the currently issued and outstanding share capital of GIPS.
(ii) The aggregate price of the parts and accessories (and their installation) described in paragraph (c)(1) of this section with respect to any vehicle does not exceed $200.
