In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline … annual inflation figure. A one-off shock to monthly inflation will have an effect on the headline figure equal to 10% of the …

the purposes of the consumer price index (CPI). The cost of housing composes both the cost of owner occupier housing (OOH … consistent with its usage in the CPI. The proposed approach also benefits from the usage of existing rental indices, which are …

–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time …

Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …