We define the plutocratic bias as the difference between inflation measured according to the current official CPI and a …

sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …

; (iii) the frequencies of price increases and decreases contribute a lot to inflation variations, and price increases are … more frequent in January even when sales are excluded; (iv) sales contribute significantly to the volatility of inflation …

measurable impact of changes in the money supply or national inflation on the frequency of price changes. …

challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and …," which calls for a rather aggressive monetary policy reaction to inflation, introducing macroprudential measures is found to …

This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not … frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly … half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro …