Using Core Inflation to Predict Headline Inflation

Abstract: An analysis of CPI data suggests that a measure of inflation excluding food and energy and a measure excluding only energy are useful predictors of overall inflation 12 months in the future.

Keywords: core inflation; headline inflation; Consumer Price Index (CPI);

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2023-11-28