Quantifying the COVID-19 Effects on Core PCE Price Inflation
Posted: 1 Mar 2021
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: 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
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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