Many economic time series, specifically inflation, are inherently subject to seasonal fluctuations which obscure the … frequencies. From this observation and in the context of inflation, an improved methodology aiming to deal with all short term … capture the dynamics of the inflation in sub groups well. Hence, this two-step procedure provides a useful tool for improved …

This paper studies the dynamics of Mexican inflation by using a wavelet multiresolution analysis on 16 indexes of the … Mexican Consumer Price Index. This enables us to estimate the long-term trend, seasonality, and local shocks of the inflation … detected in the inflation series. In relative terms, the short run is becoming as important for headline inflation as the …