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In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area countries. Based on the estimation of New Phillips Curves for five major countries of the euro area, we find that there is significant inertial (backward looking) behavior in...
Persistent link: https://www.econbiz.de/10013320202
The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1–1978.6, 1978.7–2014.4). We point to a long list of institutional and economic changes, at national and international levels, as the...
Persistent link: https://www.econbiz.de/10011885576
This paper assesses the impact of oil price changes on Spanish and euro area consumer price inflation. We find, consistently with recent international evidence, that the inflationary effect of oil price changes is limited, even though crude oil price fluctuations are a major driver of inflation...
Persistent link: https://www.econbiz.de/10014203168
international gas and oil prices, and war in Ukraine) have led to a rise in the inflation rate in Spain since March 2021. This has … August 2022, Spain had a year-on-year inflation rate above this average, but the trend has changed: in October, inflation … fell by 3.4 pp in Spain, while it had risen by 1.6 pp in the monetary union. Spain was the economy with the second lowest …
Persistent link: https://www.econbiz.de/10013461014
.Takeaways•Food inflation in Spain has not been particularly different from that recorded in the euro area. However,its contribution to headline … inflation has been greater because of food’s higher weight in Spain’sconsumption basket.•The prices of virtually all foods are …
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The COVID-19 crisis had a major impact on the measurement of inflation around the world, as price observation in shops became impossible and some markets completely closed down. This article looks at the measures taken during the crisis in 2020 to ensure the continued compilation of the European...
Persistent link: https://www.econbiz.de/10012429644