This paper examines the relationships between movements in primary commodity prices and changes in inflation in the … be correlated with the general inflation rate. Non-monetary shocks generally weaken these relationships, but such … relatively few differences across countries. Three main tendencies may be cited. First, low inflation in industrial countries has …

This paper studies the value of broad commodity price indexes as predictors of consumer price inflation in the G-7 … prices and the conditions under which, in general, one would expect commodity prices to be a leading indicator of inflation … inflation. We find that commodity and consumer prices are not co-integrated; the hypothesis that there is a reliable long …

short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of … product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation … and wage growth. We find that, contrary to early concerns that inflation would be spurred by overheated labor markets …

whether changes in the interest rate are due to changes in the expected inflation rate or the real interest rate …