ENGLISH

A Political Economy of the Measurement of Inflation: The case of France

By Florence Jany-Catrice

Book information

Publisher
Palgrave Macmillan
Year
2021
ISBN
3030599396, 9783030599393
Language
english
Format
PDF
Filesize
3 MB (2830452 bytes)
Edition
1st ed. 2020
Pages
156\149
Time added
2024-01-21 08:46:39

Description

Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation, remains very frequently consulted by citizens, due to its multiple uses. The CPI is used for indexing wages, pensions, but also various contracts such as food pensions. It is also used by National Accounts to deflate macroeconomic values and to provide data in “real” terms. But how is this CPI measured? index? What reforms have happened to give shape to the XXIst century CPI? This book presents the CPI based on the study of the controversies that have marked its history. Set in both the socio-economic and ideas contexts, these controversies show the eminently conventional and political nature of the CPI and, therefore, of many other macroeconomic indicators, such as growth or productivity.

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