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The Seasonal Adjustment of the harmonised Index of Consumer Prices for the Euro Area: a Comparison of Direct and Indirect Methods

Riccardo Cristadoro and Roberto Sabbatini ()

No 371, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Knowledge of the characteristics of the short-term evolution of consumer prices for each country and for their average is important for better monitoring and forecasting of inflation in the euro area. In this paper we seek to verify to what extent the short-term variability of the HICPs can be explained by regular infra-year movements which we then attempt to estimate. We find evidence that seasonal movements characterise most price series, though some differences arise across countries and sub-indices. The seasonal adjustment of these indices raises a number of important questions of aggregation.

Keywords: consumer price index; seasonality. (search for similar items in EconPapers)
JEL-codes: C32 C43 (search for similar items in EconPapers)
Date: 2000-03
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Seasonal Adjustment of the Harmonised Index of Consumer Prices for the Euro Area: a Comparaison of Derect and Indirect Methods (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_371_00

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