This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time … series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass …-through coefficients. Instead, a natural experiment based on data releases defines our shock to foreign prices. Our estimation strategy …

The Harmonized Index of Consumer Prices (HICP) is the primary measure of inflation in the euro area, and plays a … stability as "…a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the euro area of below 2 percent … positive measured inflation rate is the possibility that the HICP as published incorporates measurement errors of one sort or …

low-income countries (LICs) on U.S. industry. Our framework relates differences in sectoral inflation rates to differences … downward pressure on U.S. producer prices and a large effect on productivity. When LIC exporters capture 1% U.S. market share …, producer prices decrease by 3.1%, which is nearly fully accounted by a 2.4% increase in productivity and a 0.4% decrease in …

national average prices for the 59 item prices using population weights instead of the equal weight formula used by ACCRA. This …

We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European …

This paper reviews various approaches to the measurement of core inflation that have been proposed in recent years. The … in assessing inflation developments in the euro area. I put particular emphasis on the conceptual and practical problems … that arise in the measurement of core inflation, and propose some criteria that could be used by the ECB to choose a core …