Bureau of Labor Statistics researchers Kenneth J. Stewart and Stephen B. Reed conclude that "inflation would have been lower from 1978 to the present if the current methods of calculating the CPI had been in place." Their report, titled CPI Research Series Using Current Methods, 1978-98 was preprinted for the June 1999 Monthly Labor Review. Stewart and Reed describe changes from CPI-U calculation...

The US Bureau of Labor Statistics recently released a web version of the well-known print publication Monthly Labor Review. Articles (Adobe Acrobat [.pdf] format) and departments associated with the print publication can be accessed at the site. Departments include Labor Month in Review and Book Reviews. Unfortunately, the current labor statistics section, which makes up an important part of the...