Price index ‘sound’
PA Wellington The present consumers price index was essentially sound, according to the advisory committee set up last year to look into the index.
In its report tabled in Parliament yesterday, the Conl sumers Price Index Revision Advisory Committee said that in spite of some weaknesses in the present index, there had been wide acceptance by users that it was statistically sound. “The current report to a ' large extent represents a I confirmation of the essential ! soundness of the present [consumers price index, the only significant change relating to the conceptual basis of the regimen weights for housing-purchase expenditure, and interest on mortgages to finance such expenditure,” the committee said.
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Press, 26 May 1979, Page 2
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113Price index ‘sound’ Press, 26 May 1979, Page 2
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