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Budget Counsel

A Reference for the Laws and Rules of the Congressional Budget Process

§015c. (CB) Chain Price Indexes

Chain Price Indexes

GAO Glossary of Terms and Definition (September 2005)

Chain Price Indexes (Economics Term)

Index calculated by linking (chaining) of price indexes based on changing weights to create a time series. Chain-type indexes are used in the Bureau of Economic Analysis National Income and Product Accounts (NIPA). (See also Chained Dollars; Real Dollar.)

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