The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …

Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …

This paper provides an extensive literature review and analyses some open issues in the measurement of inflation that …. Consumer behaviour is characterised by preference shifts and heterogeneity, which influence the measurement of the cost of … "green" products. Furthermore, PRISMA data show that consumption baskets and thus inflation vary across income classes (e …

displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to …We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches …