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The Impact of Disasters on Inflation

Miles Parker

Economics of Disasters and Climate Change, 2018, vol. 2, issue 1, 21-48

Abstract: Abstract This paper studies how disasters affect consumer price inflation. There is a marked heterogeneity in the impact between advanced economies, where the impact is negligible, and developing economies, where the impact can last for several years. There are also differences in the impact by type of disasters, particularly when considering inflation sub-indices. Storms increase food price inflation in the near term, although the effect dissipates within a year. Floods also typically have a short-run impact on inflation. Earthquakes reduce CPI inflation excluding food, housing and energy.

Keywords: Disasters; Inflation (search for similar items in EconPapers)
JEL-codes: E31 Q54 (search for similar items in EconPapers)
Date: 2018
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Working Paper: The impact of disasters on inflation (2016) Downloads
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