Discussion Paper

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?

https://doi.org/10.17016/2380-7172.2875

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-02-25

Number: 2021-02-25