Russian CPI Overstated by 0.31% Due to PC Price Bias.
The article estimates that the Consumer Price Index in Russia may be overstated due to the effects of new goods and quality changes, especially in information and communication technology products like Personal Computers. By using hedonic price indexes, the researchers found that PC prices fell by 25% over 20 months, leading to a potential overstatement of the Russian CPI by 0.19-0.31% per year. Additionally, the quality of PCs increased by 19% per year, explaining the price decrease.