Boskin Commission

The Boskin Commission, formally the Advisory Commission to Study the Consumer Price Index, was established in 1995 by the U.S. Senate, with the ostensible mandate to examine the accuracy of the Consumer Price Index (CPI), which measures inflation. Chaired by economist Michael Boskin, the commission concluded in its 1996 report that the CPI overstated inflation by about 1.1 percentage points annually.