Core Inflation Indicators: an Update

Alberto Vindas-Quesada (), Carlos Brenes-Soto (), Susan Jiménez-Montero (), Kevin Barrantes-Castillo () and Melissa Herra-Leandro ()
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Alberto Vindas-Quesada: Department of Economic Research, Central Bank of Costa Rica
Carlos Brenes-Soto: Department of Economic Research, Central Bank of Costa Rica
Susan Jiménez-Montero: Department of Economic Research, Central Bank of Costa Rica
Kevin Barrantes-Castillo: Central Bank of Costa Rica
Melissa Herra-Leandro: Department of Economic Analysis, Central Bank of Costa Rica

No 2107, Notas Técnicas from Banco Central de Costa Rica

Abstract: In this document, we update the five core inflation indicators that the Central Bank of Costa Rica publishes, using data up to April 2021. We evaluate several statistical properties that core inflation indicators should satisfy. The structural break in inflation, identified after September 2021, resulted in adjustments in four of the indicators. ***Resumen: En esta nota actualizamos los cinco indicadores de inflación subyacente que publica el Banco Central de Costa Rica, con datos a abril del 2021. Para ello, evaluamos varias propiedades de corte estadístico que los indicadores de inflación subyacente deben cumplir. El cambio estructural en la inflación, identificado a partir de setiembre del 2014, causó ajustes en cuatro de los indicadores.

Keywords: Stress Tests; Yield Curve Estimation; Financial Crisis; Pruebas de tensión; Curvas de rendimiento; Crisis financieras (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2021-12
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Persistent link: https://EconPapers.repec.org/RePEc:apk:nottec:2107

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