Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …

displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to …We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches …

. The paper also proposes devising a core inflation measure for inflation targeting in Egypt …

This paper evaluates the usefulness of various measures of core inflation for the conduct of monetary policy …. Traditional exclusion-based measures of core inflation are found to perform relatively poorly across a range of evaluation … move with macroeconomic drivers. All measures of core inflation, however, have limitations - consequently, there is merit …

development of measures of underlying, or core, inflation that are designed to remove transitory price changes from aggregate … inflation data. Given the usefulness of this information to policymakers, there is a surprising lack of consensus on a preferred … measure of U.S. core inflation. This article examines several proposed measures of core inflation - the popular ex food and …

This paper provides a review of the concept of core inflation and evaluates the performance of several proposed … measures. We first consider the rationale of a central bank in setting its inflation goal in terms of a selected rate of … consumer price growth and the use of a core inflation measure as a means of achieving this long-term policy objective. We then …

(permanent change in the mean inflation rate). These datasets were used to test the performance of alternative underlying … inflation measures. We found that the benchmark underlying inflation measures (based on unobserved trend extraction) are more … underlying inflation measure …

​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the … measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best …

well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the … replacement and quality adjustment. Such measures may also help reduce the measurement bias that still exists in the HICP. Overall …, a knowledge gap concerning the exact size of the measurement bias of the HICP remains, which calls for further research …