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This report, issued to the US Senate Finance Committee by the Advisory Commission to Study the Consumer Price Index (chaired by Michael J. Boskin), has been made available by PoliticsNow (discussed in the August 16, 1996 issue of the Scout Report) and Stat-USA (from the US Department of Commerce). The main conclusion of the report is that the Consumer Price Index "is not a true cost of living index," and "that changes in the CPI have substantially overstated the actual rate of price inflation." The main recommendation of the report is that the BLS (Bureau of Labor Statistics) should develop a Cost of Living Index (COLI) to measure inflation. The PoliticsNow site contains a special report analyzing the issues involved in this arcane yet controversial report. Note that Stat-USA, although a generally for-fee site, is offering free access to the report at this time.
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