The hierarchical structure of the Colombian Consumer Price Index (CPI) makes possible to calculate inflation as a … inflation using a lineal combination of the forecasts of these components, i.e. a "bottom to top" approach. In this paper, we … compared with an aggregate forecast using a SARIMA model. Our results show that a "bottom to top" method to forecast inflation …

while ARIMA model gives the most accurate forecast of twelve-month inflation in EU countries. The Holt-Winters (additive and … fact that the European Union has been implementing a policy of strict inflation targeting for a long time, so the ARIMA … models give the most accurate forecast of inflation future values. In the countries of the Western Balkans the targeting …

The study investigates the existence and extent of information rigidity in inflation forecasts among 25 developed and …

This paper builds a short-term inflation projections (STIP) model for Latvia. The model is designed to forecast highly …) benchmarks. Across inflation components, the forecast accuracy gains are 20-30% forecasting 3 months ahead and 15-55% forecasting …