Measuring Inflation

13 Pages Posted: 2 Dec 2016

See all articles by Nikhil Patel

Nikhil Patel

Bank for International Settlements (BIS)

Agustin Villar

Bank for International Settlements (BIS)

Date Written: November 1, 2016

Abstract

This note focusses on key issues - both conceptual and practical - with regard to the measurement of inflation such as the tradeoff between different measures and the incorporation of prices not fully determined by market forces of supply and demand. It also draws on a recent survey of emerging market economy central banks conducted by the BIS to highlight specific issues faced by these economies and how the resulting inflation indices differ across countries.

Full Publication: Inflation Mechanisms, Expectations and Monetary Policy

Keywords: Price index, Inflation measurement

JEL Classification: E31, P24, P44

Suggested Citation

Patel, Nikhil and Villar, Agustin, Measuring Inflation (November 1, 2016). BIS Paper No. 89b, Available at SSRN: https://ssrn.com/abstract=2870908

Nikhil Patel (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Agustin Villar

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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