Revisitando as Medidas de Núcleo de Inflação do Banco Central do Brasil

Tito Nícias da Silva Filho and Francisco Rodrigues Figueiredo

No 356, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: Since 2000, Banco Central do Brasil (BCB) announces measures of core inflation in its Inflation Reports. Throughout this period, the set of measures has been altered as the result of either the evolution of the Brazilian economy or the incorporation of new approaches to measuring core inflation. This article reassesses the current set of core measures published by BCB. The evidences show that within the classes of measures (exclusion, trimmed means and double weighted), the chosen measures here do not differ substantially from those currently disclosed. Furthermore, regarding the performance in terms of capturing the inflation trend, the ranking among classes remains, highlighting the results for the measures using smoothed trimmed means.

Date: 2014-05
New Economics Papers: this item is included in nep-cba and nep-mac
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