. The paper also proposes devising a core inflation measure for inflation targeting in Egypt …

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 …

This paper provides a review of the concept of core inflation and evaluates the performance of several proposed … measures. We first consider the rationale of a central bank in setting its inflation goal in terms of a selected rate of … consumer price growth and the use of a core inflation measure as a means of achieving this long-term policy objective. We then …

existing work by presenting an alternative approach to measure the rate of inflation. This approach has been demonstrated using …

(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 …

This note focusses on key issues - both conceptual and practical - with regard to the measurement of inflation such as … specific issues faced by these economies and how the resulting inflation indices differ across countries.Full Publication …: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and Monetary Policy …

under-weighted, but the under-weighting remains fairly stable over time so that inflation measurement is not signi ficantly … both the representativeness of prices included in the CPI and on estimates of inflation. We use high-frequency scanner data …

​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the … measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best …

time so that inflation measurement is not significantly affected. In addition, we find evidence that the typical practice … estimates of inflation. We use high-frequency scanner data from US supermarkets to explore if there is any systematic … of using data from an incomplete period in constructing unit values can lead to an upward bias in the resulting price …