This comment discusses the article by Honey-Roses and Pareja (2019). It attempts to provide additional insights into their analysis by placing it in a price index framework. A simple example is provided, which demonstrates this alternative view along with other suggestions for the use of their analysis.
DiewertW. E.GreenleesJ.HultenC. (2010). Price index concepts and measurement. Chicago, IL: The University of Chicago Press.
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Honey-RosésJ.ParejaC. (2019). Percent change as a measure of price escalation in water and energy utilities. Public Works Management & Policy, 24, 213-224.
