The monetary authorities need a future measure of inflation trend to keep on tracking the inflation on target. Many … alternatives of the core inflation measure have appeared in the recent literature pretending to avoid the deficiencies of the usual … headline inflation index as a predictor. This price index is defined as some weighted average of the individual price change of …

Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation. However, most … household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled … trial included in the Bundesbank Online Panel Households, we show (i) that keeping the original scale in high-inflation …