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10.1186/s41937-020-00057-7

http://scihub22266oqcxt.onion/10.1186/s41937-020-00057-7
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32959014!7493696!32959014
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suck abstract from ncbi


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pmid32959014      Swiss+J+Econ+Stat 2020 ; 156 (1): 13
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  • Weighting bias and inflation in the time of COVID-19: evidence from Swiss transaction data #MMPMID32959014
  • Seiler P
  • Swiss J Econ Stat 2020[]; 156 (1): 13 PMID32959014show ga
  • Sharp changes in consumer expenditure may bias inflation during the COVID-19 pandemic. Using public data from debit card transactions, I quantify these changes in consumer spending, update CPI basket weights and construct an alternative price index to measure the effect of the COVID-induced weighting bias on the Swiss consumer price index. I find that inflation was higher during the lock-down than suggested by CPI inflation. The annual inflation rate of the COVID price index was -0.4% by April 2020, compared to -1.1% of the equivalent CPI. Persistent "low-touch" consumer behavior can further lead to inflation being underestimated by more than a quarter of a percentage point until the end of 2020.
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