Journal Article
The future of inflation
Abstract: According to consumer price measures like the CPI, inflation has recently jumped up a notch. What those measures don?t tell us is whether the increase will persist. In this Commentary, we look at a measure that does. The measure incorporates data on past inflation rates, surveys of expected inflation, inflation swaps, and a variety of interest rates. It provides estimates of inflation, along with expected inflation and real interest rates. A look at the measure?s estimates suggests that the recent increases in inflation are likely to be temporary.
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https://doi.org/10.26509/frbc-ec-201120
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https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/economic-commentary/2011/ec-201120-the-future-of-inflation/ec-201120-the-future-of-inflation-pdf.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2011
Issue: Oct
Order Number: 20