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Not all price increases are equal; pandemic-era outliers drove inflation spike
Abstract: Many individual price changes make up widely used gauges of inflation. Their relative importance changes over time and may affect how consumers perceive inflation. Such perceptions can prompt households to update their inflation expectations, decreasing optimism about real economic activity.
Keywords: inflation; COVID-19; monetary policy; Consumer Price Index (CPI);
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https://www.dallasfed.org/research/economics/2024/0618
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-06-18