By monitoring the price changes experienced by some representative household, consumer price indices provide an important measure of changing purchasing power within a given economy. Group price indices offer one method of more accurately reflecting the inflation experiences of specific types of households, such as poor households, elderly households or households with children, for example.
Reference:
Oosthuizen, M. 2007-11. Consumer Price Inflation across the Income Distribution in South Africa. Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 07/129. University of Cape Town.
Oosthuizen, M. (2007). Consumer Price Inflation across the Income Distribution in South Africa (Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 07/129). University of Cape Town ,Faculty of Commerce ,Development Policy Research Unit (DPRU). Retrieved from http://hdl.handle.net/11427/7276
Oosthuizen, Morne Consumer Price Inflation across the Income Distribution in South Africa. Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 07/129. University of Cape Town ,Faculty of Commerce ,Development Policy Research Unit (DPRU), 2007. http://hdl.handle.net/11427/7276
Oosthuizen M. Consumer Price Inflation across the Income Distribution in South Africa. 2007 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/7276
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