Briefing
What Is Trend Inflation?
Abstract: I discuss three models of trend inflation that deliver strikingly different estimates of the trend. I argue that the concept of trend inflation is largely model and context dependent. Current estimates of trend inflation show no clear pattern about price pressures.
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https://www.richmondfed.org/publications/research/economic_brief/2026/eb_26-11
Description: Briefing
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2026-04-01
Volume: 26
Issue: 11