Bradley Akin, John Bieler, Craig Brown, Kerri Chicarella
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Improvements to the CPI index series for residential telecommunications services
Residential telecommunications services consist of a combination of telephone, internet, and television services. In February 2019, the U.S. Bureau of Labor Statistics (BLS) began to adjust the price quotes of residential telecommunications services to improve the accuracy of Consumer Price Index series. However, BLS analysts experienced a few challenges. This article identifies and addresses those challenges.