Using Core Inflation to Predict Headline Inflation

Michael McCracken and Trần Khánh Ngân

On the Economy from Federal Reserve Bank of St. Louis

Abstract: An analysis of CPI data suggests that a measure of inflation excluding food and energy and a measure excluding only energy are useful predictors of overall inflation 12 months in the future.

Keywords: core inflation; headline inflation; Consumer Price Index (CPI) (search for similar items in EconPapers)
Date: 2023-11-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:97414

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