Discussion Paper
International Measures of Common Inflation
Abstract: A key challenge for monetary policymakers in achieving their inflation goals—particularly important at the current juncture—is to be able to distinguish between persistent inflationary changes and short-term idiosyncratic shocks. The most common approach for filtering out short-term price shocks from inflation is to focus on measures of "core" inflation, traditionally defined as the change in the consumer price index (CPI) excluding food and energy prices.
https://doi.org/10.17016/2380-7172.3012
Access Documents
File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/international-measures-of-common-inflation-20211105.html
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2021-11-05
Number: 2021-11-05-1