Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …

We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a … emerging market and developing economies) and to analyze commonalities in inflation synchronization across a wide range of … inflation measures. We report three major results. First, inflation movements have become increasingly synchronized …

The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of … (advanced economies and emerging market and developing economies) and to analyze commonalities in inflation synchronization … across a wide range of inflation measures. The paper reports three major results. First, inflation movements have become …

-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 …This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures … (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator …

in the global inflation climate, whether the change in trend is likely to be sustained and the implications for monetary … avoiding the mistakes of the 1970s, when high inflation became deeply ingrained and embedded in behaviour and expectations, is …