International Measures of Common Inflation

Danilo Cascaldi-Garcia, Flora Haberkorn and Eli Nir

No 2021-11-05-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: A key challenge for monetary policymakers in achieving their inflation goals—particularly important at the current juncture—is to be able to distinguish between persistent inflationary changes and short-term idiosyncratic shocks. The most common approach for filtering out short-term price shocks from inflation is to focus on measures of "core" inflation, traditionally defined as the change in the consumer price index (CPI) excluding food and energy prices.

Date: 2021-11-05
New Economics Papers: this item is included in nep-cwa, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-11-05-1

DOI: 10.17016/2380-7172.3012

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