International Influences on U.S. Inflation

River Bell, Oscar Jorda, Fernanda Nechio, Aditi Poduri and Stephanie Stewart

FRBSF Economic Letter, 2024, vol. 2024, issue 27, 6

Abstract: The COVID-19 inflation surge experienced abroad undoubtedly left its mark on U.S. inflation. As global economies return to business as usual, it is natural to ask whether international considerations continue to affect U.S. inflation. Recent analysis shows that, although in normal times the international component of U.S. inflation is usually small, at other times it can contribute significantly to U.S. inflation dynamics.

Keywords: inflation; covid19; inflation dynamics; international; Australia; Belgium; Canada; Denmark; France; Ireland; Italy; Japan; Luxembourg; Netherlands; Portugal; Sweden; United Kingdom (search for similar items in EconPapers)
Date: 2024
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