Quantifying the COVID-19 Effects on Core PCE Price Inflation
Abstract: The 12-month change in core PCE price inflation was 1.5 percent in December. Why was core inflation so low in 2020? How much of this weakness can be attributed to the COVID pandemic? And what does this mean for inflation going forward?
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/quantifying-the-covid-19-effects-on-core-pce-price-inflation-20210225.htm
Part of Series: FEDS Notes
Publication Date: 2021-02-25