Cover: Aerospace Price Indexes

Aerospace Price Indexes

Published 1970

by Harry G. Campbell

Download eBook for Free

FormatFile SizeNotes
PDF file 1.6 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

An analysis of publications prepared by the Bureau of Labor Statistics relating to price indexes leads to the conclusion that insufficient data are collected on aerospace items, and, with the exception of hourly earnings information, the published data may be misleading. Overhead is an important cost component of major purchased materials and finished production items; however, it is not treated in any regularly published report. Because of the relative importance of overhead, attention should be given to establishing a reliable data-gathering system so that trends can be measured and analyzed. In the meantime, any index purporting to measure price changes in aerospace products is of questionable value. Simple and convenient indexes (including those presented here) are no substitute for reasonably thorough analysis and should be used only if such analysis cannot be accomplished.

This report is part of the RAND report series. The report was a product of RAND from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.