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Core CPI: Excluding Food, Energy...And Used Cars?
1996
Social Science Research Network
Although used car prices represent only a small portion of the consumer price index, their extreme volatility has had a major impact on the measured inflation rate. To explain this relationship, the authors describe how used cars are treated in the CPI and explore what might cause the wide swings in used car prices.
doi:10.2139/ssrn.1001239
fatcat:eenfeyfpszbbfcfxhv5lizn7am