Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is … discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both …

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the … findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad … retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing …

CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of … the underestimation of inflation. Updated CPI weights should be developed as soon as is feasible, but flux in spending …

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

prices to forecast movements in retail prices in the inflation-targeting framework followed by the U.K. monetary authorities …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices …

High and volatile inflation has been an endemic economic and social issue in Iran that has contributed to rising … poverty and social tensions. For policymakers to effectively address the inflation problem, it is critical to understand its … long-term determinants of inflation in Iran over the past two decades and identify policy options to curb it. Using …

The pass-through effects of oil price shocks on wage and consumer price inflation vary with the states or structural … advanced economies. The pass-through to wages is found to have been higher when the prevailing level of inflation was higher or … policy. The effects of oil price shocks on core inflation and inflation expectations are consistent with their effects on …