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 …

.e. whose price changes rarely) contain more information about medium term inflation developments than those of flexible price … inflation index indeed has a forward-looking component, as it has favorable inflation forecasting properties on the policy … horizon of 1-2 years to alternative inflation indicators (including core inflation). Both theoretical and empirical results …

We propose a framework for consistently evaluating core inflation measures via a straightforward application of sound … statistical inference principles. Under this framework, inflation measures (both headline and core) are regarded as estimators … tracking the economy's true, unobserved inflation rate. We depart from the arbitrary convention in the literature of …

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 …

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to … close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and … the usual indicator that excludes food and energy, which is the most widespread measure of core inflation among central …

The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …