well as the improvements made to this measure of inflation since 2003 - finds that the HICP continues to fulfil the … replacement and quality adjustment. Such measures may also help reduce the measurement bias that still exists in the HICP. Overall …, a knowledge gap concerning the exact size of the measurement bias of the HICP remains, which calls for further research …

From 2013 up to the launch of the ECB’s strategy review in January 2020, inflation in the euro area was low and over …-predicted. This low inflation during the years 2013-19 can be attributed to a combination of interconnected factors. Cyclical … developments account for a substantial share of the fall in underlying inflation, mainly in the first part of the low inflation …

well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the … replacement and quality adjustment. Such measures may also help reduce the measurement bias that still exists in the HICP. Overall …, a knowledge gap concerning the exact size of the measurement bias of the HICP remains, which calls for further research …

The existence of nominal rigidities and inflation differentials between countries offers two of the main rationales for … an inflation buffer in a monetary union where monetary policy is oriented towards an area-wide inflation objective … strong argument for a positive inflation buffer to “grease the wheels” of the euro area economy – also in order to avoid the …

How much does quality adjustment matter in measuring consumer price inflation? To address this question, we use … inflation only by 0.06 percentage points, which is balanced out by an increase due to quantity adjustment (e.g. a smaller … deriving the distribution of member states’ cumulative inflation rates for typical quality-adjusted products. Our macro …

This study has adopted the actual household expenditure data from the national accountstoconstruct a true inflation … inflation for 22 and underestimate in11countries in the first wave of the COVID-19 pandemic. The result obtained for the … countrieswhere true inflation was higher than the official rate in this study matches the results obtainedbyCavallo (2020) and …

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 …

The shifts in household consumption caused by the coronavirus pandemic affect inflation measurement in the euro area … via the updating of product weights. We propose a decomposition of the inflation rate, measured by the annual percentage …, considering the evolution of measurement rules over time and marking differences to a decomposition into pure price change and …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …

including OOH in the HICP to derive a new inflation index. We discuss the conceptual and measurement issues involved …. We show that since 2011 the estimated impact of including OOH in HICP annual inflation, based on either the "net … suggests that including OOH based on the rental equivalence approach decreases the cyclicality of the new inflation index …