Quantifying the COVID-19 Effects on Core PCE Price Inflation

Posted: 1 Mar 2021

See all articles by Matteo Luciani

Matteo Luciani

Board of Governors of the Federal Reserve System

Date Written: February 25, 2021

Abstract

The 12-month change in core PCE price inflation was 1.5 percent in December. Why was core inflation so low in 2020? How much of this weakness can be attributed to the COVID pandemic? And what does this mean for inflation going forward?

Suggested Citation

Luciani, Matteo, Quantifying the COVID-19 Effects on Core PCE Price Inflation (February 25, 2021). FEDS Notes No. 2021-02-25
https://doi.org/10.17016/2380-7172.2875, Available at SSRN: https://ssrn.com/abstract=3795656

Matteo Luciani (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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