The Architecture of the Statistical Modeling Concerning the Consumer Prices Indexes for Food Goods, Non-Food Goods and Services, in Romania

Abstract

This paper reflects the econometric modeling between 2000-2013, in Romania, concerning the Consumer Prices Index for food goods, the Consumer Prices Index for non-food goods and the Consumer Prices Index for services, through by means of the „Least Squares Method”. The Consumer Prices Index (CPI) reflects the change of price concerning the basket of goods that it is supposed to be purchased by a urban consumers in terms of the expenses incurred by a typical household.