structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper … empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how … oil price shocks feed through to core and headline inflation; calculating the impact of increased imports from low …

food price shocks on a given set of countries. Secondly, we assess the importance of inflation linkages among countries, by …. In addition, a considerable part of the observed headline inflation rises is attributable to foreign sources for the vast … majority of the regions. -- Oil shock ; commodity prices ; inflation ; second-round effects ; Global VAR …