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 …

(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 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 …

This paper provides an extensive literature review and analyses some open issues in the measurement of inflation that …. Consumer behaviour is characterised by preference shifts and heterogeneity, which influence the measurement of the cost of … "green" products. Furthermore, PRISMA data show that consumption baskets and thus inflation vary across income classes (e …

.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 …

Headline inflation in most industrialized countries, the US in particular, has been shown to be mean reverting to core … inflation in the medium term, whilst at the same time the pass-through of exogenous commodity price shocks from the headline to … volatility for the latter and creates a drive for investing in commodities as a hedge for the spread between both inflation …