International Measures of Common Inflation
Posted: 18 Nov 2021
Date Written: November 1, 2021
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.
Suggested Citation: Suggested Citation
Cascaldi-Garcia, Danilo and Haberkorn, Flora and Nir, Eli, International Measures of Common Inflation (November 1, 2021). FEDS Notes No. 2021-11-05-1, Available at SSRN: https://ssrn.com/abstract=3965186 or http://dx.doi.org/10.17016/2380-7172.3012
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.