DOI: https://doi.org/10.52131/pjhss.2023.1102.0548
2565 eISSN: 2415-007X
Pakistan Journal of Humanities and Social Sciences
Volume 11, Number 02, 2023, Pages 2565-2574
Journal Homepage:
https://journals.internationalrasd.org/index.php/pjhss
A Bibliometric Analysis of Consumer Price Index (CPI) from 1999-2022
Using VOSviewer
Zeeshan Ali
1
, Toqeer Hassan
2
, Hafiz M. Rizwan Khan
3
, Nadia Nasir
4
1
M.Phil. Scholar, Department of Commerce & Finance, Superior University, Lahore, Pakistan.
Email: zeeshanali18101996@gmail.com
2
M.Phil. Scholar, Department of Accounting & Finance, Superior University, Lahore, Pakistan.
Email: thassan0078@gmail.com
3
M.Phil. Scholar, Department of Commerce & Finance, Superior University, Lahore, Pakistan.
Email: hafiarizwankhan@gmail.com
4
Associate Professor, Quality Circle Head of Management and ICT, Faculty of Business and Management Science, Superior
University, Lahore, Pakistan. Email: nadia.nasir@superior.edu.pk
ARTICLE INFO ABSTRACT
Article History:
Received: May 10, 2023
Revised: June 28, 2023
Accepted: June 29, 2023
Available Online: June 30, 2023
The Consumer Price Index (CPI) tracks changes in consumer
prices on a monthly basis. One of the most widely used indicators
of inflation and deflation is consumer price index. The analysis for
this research study is done for the period of 23 years and data is
taken from well-known “Scopus” data base. The main and core
purpose of this study is to investigate the significance and
importance of consumer price index and find out about the
noteworthy authors, countries, organization which have
conducted their research on CPI. The software R-Studio and
VOSviewer is used for all the analysis done in this study. The
findings of this study are that mostly keyword “Consumer Price
Index” used by the journal of Switzerland named “Our Knowledge
Sustainability”, the organization that published more articles is
Office for National Statistics, United Kingdom and the most
publication is done by author Gupta R. This research work has
also some limitations and future research directions and the main
suggestion is to improve the academic collaboration and
contribute to the creation of theoretical and empirical literature.
Keywords:
Consumer Price Index (CPI)
Bibliometric Analysis
VOS viewer
Scopus Data Base
Authors Keyword
Co-occurrence
Funding:
This research received no specific
grant from any funding agency in the
public, commercial, or not-for-profit
sectors.
© 2023 The Authors, Published by iRASD. This is an Open Access article
distributed under the terms of the Creative Commons Attribution Non-
Commercial License
Corresponding Author’s Email: zeeshanali18101996@gmail.com
1. Introduction
We measure everything when we buy things according to the commodity’s price. If it is
up to our liking, we purchase the commodity otherwise not purchase. All things have a price that
goes up and down with the passage of time. The prices can be higher and lower with the given
situation but to our knowledge, most of the time prices are higher. Society has a need for
commodities which add like used for finished products, energy products, etc. Zhang et al., (2022)
To our knowledge it might take only a couple of days for a commodity price to increase but for
that same commodity price to decrease it will take months or might not just decrease. So, it can
also be described that there is not a hundred percent guarantee that the price for any commodity
will decrease but there are higher chances that the price will always increase and keep on
increasing. Inflation plays a very good role in our daily lives. Price is different when buying one
thing and the same product will have a different price at night. Similarly, this point of view is
also observed in significance of artificial intelligence in business and accounting where prices are
changed on regular or monthly basis (Khan et al., 2023). We are now living in the covid-19 era,
where there are many things that prices are way too high as compared to before the covid-19.
If we talk about the oil prices that are rapidly changing prices drive corruption and also change
consumer price index (Ashfaq et al., 2023). The unemployment rates are not very good, and the
economy is still not able to recover at this point. Jordà et al. (2022) It is understandable that not
all countries have the same inflation rate. Many countries are different rates as compared to
other countries. Jordà et al. (2022) There are many forecasting for inflation, but they are not