We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct … of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …

An important input to monetary policymaking is estimating the current level of inflation. This paper examines … empirically whether the measurement of trend inflation can be improved by using disaggregated data on sectoral inflation to … construct indexes akin to core inflation, but with time-varying distributed lags of weights, where the sectoral weight depends …

This paper examines the characteristics of the revisions to the inflation rate as measured by the personal consumption … Reserve's analysis of inflation. The author examines the magnitude and patterns of revisions to both PCE inflation rates. The … following year. Generally, the initial release of inflation is too low and is likely to be revised up. Policymakers should …