Autori
Rather, Sartaj Rasool
Durai, S. Raja Sethu
Ramachandran, M.

Titolo
On the methodology of measuring core inflation
Periodico
Economic notes
Anno: 2016 - Volume: 45 - Fascicolo: 2 - Pagina iniziale: 271 - Pagina finale: 282

We propose a new methodology to construct core inflation which is, unlike other conventional methods, not based on ad hoc elimination/trimming of prices. The empirical results suggest that the proposed measure of core inflation is highly correlated with headline inflation and is noise free; hence less volatile. The underlying inflation derived from such method is found to be a powerful leading indicator of headline inflation while other conventional measures do not seem to reflect such fundamental property of core inflation.



SICI: 0391-5026(2016)45:2<271:OTMOMC>2.0.ZU;2-N

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