Reform of “Checkout Data” -- 7. Under or Overestimation of Inflation? -- Conclusion. …Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies … have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation …

Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies … have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation … Reform of “Checkout Data” -- 7. Under or Overestimation of Inflation? -- Conclusion. …

In this paper we present supporting evidence of the existence of heterogeneity in inflation dynamics across euro area … significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a dominant forward … looking component. We then present an optimizing agent model for the area emphasizing the heterogeneity in inflation …