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made in 2013 to the HICP, which means that in certain cases it is possible to estimate their impact on NCPI inflation, were … opportunity to adjust the methodology to make inflation measurement more accurate and ensure that the index is representative. The …-occupied housing costs in the harmonised index of consumer prices (HICP), some improvements can already be made to the current index of …
Persistent link: https://www.econbiz.de/10011272853
inflation figures. On this occasion, various methodological adjustments were introduced, most of them corresponding to the … of changes will influence the inflation figures according to the NCPI and the inflation gap between that and the … harmonised index of consumer prices (HICP). Although the NCPI methodology has been brought closer to that of the HICP, the two …
Persistent link: https://www.econbiz.de/10011272869
India has experienced persistently high inflation in recent years, despite a period of below-trend economic growth. As … a result, controlling inflation has become a key objective for policymakers. The two main indicators of inflation in … inflation. This article outlines the two main price measures available for the Indian economy and discusses their role in Indiaâ …
Persistent link: https://www.econbiz.de/10011129956
We examine two measures of core inflation which have been proposed in recent years: the limited-influence estimators of … core inflation pioneered by Bryan and Cecchetti (1994); and the Edgeworth or variance-weighted price index discussed by … two criteria: their ability to track movements in trend inflation; and their ability to predict future headline inflation …
Persistent link: https://www.econbiz.de/10005816242
, there will be smaller discrepancies between NICP inflation and HICP inflation from 2007 onwards, while the method used for … years of application of the harmonised index of consumer prices (HICP) at the European level, the article highlights recent … methodological developments regarding the two inflation measures. By reviewing the basket and the weighting scheme of the NICP, the …
Persistent link: https://www.econbiz.de/10009357671
repayments. The user cost measure is combined with the HICP to derive a “broad” inflation estimate. For the sake of comparison …The inflation measure used by the European Central Bank excludes housing costs that are borne by home owners even …-occupied housing costs driven a wedge between the official harmonised index of consumer prices (HICP) and the cost of living? To answer …
Persistent link: https://www.econbiz.de/10005045581
The paper reviews the different concepts regarding inflation, highlighting some related consequences in refining the … actual CPI. It also presents the concept and relevance of public understanding and “perception” of inflation, and discusses a … characteristics of the HICP, related to the points of view of Boskin’s and Schultze and Mackie’s reports. …
Persistent link: https://www.econbiz.de/10005612216
therefore important to be managed in an efficient manner. The objective of this study is to analyze the core inflation measures … in Romania, after the adoption of direct inflation targeting regime in August 2005. In order to identify the causal link … between the core inflation measures and inflation quantified by the Consumer Price Index (CPI), the Granger causality test is …
Persistent link: https://www.econbiz.de/10011272138
of the analysis suggest that the ex food and housing/rent inflation is more volatile than the overall CPI inflation over … ex food and housing/rent inflation is only weakly correlated with headline inflation, whereas the statistical core …This paper constructs and analyzes core inflation indicators for Saudi Arabia for the period of March 2012 to May 2014 …
Persistent link: https://www.econbiz.de/10011227897
defines its 3 per cent inflation target in terms of the consumer price index. However, this indicator is quite volatile, and … policy should generally look through. In this context, the need has arisen to develop measures of inflation which capture … measures to capture underlying inflation. These measures have increasingly become an important part of the decision …
Persistent link: https://www.econbiz.de/10010854252