Die Nutzung von Scannerdaten in der Verbraucherpreisstatistik hat viele Vorteile, bringt allerdings auch einige Herausforderungen mit sich. Eine der Herausforderungen ist die Klassifizierung der Artikel nach dem vom Verbraucherpreisindex verwendeten Klassifikationssystem COICOP. Aufgrund der...

The rise in inflation in recent years triggered a cost-of-living crisis, in which households' ability to afford basic necessities declined. The cost-of-living crisis disproportionately affected lower income households, with the proportion in material deprivation (i.e. unable to afford basic...

We employ Synthetic Control Method techniques to estimate the causal effect of Brexit on the consumer price index (CPI) in the United Kingdom. We construct a counterfactual CPI index from a weighted pool of comparable economies and find that the price level of the United Kingdom rose...

This paper introduces a novel approach to decomposing consumer price inflation. Expanding upon the established decomposition method for the value-added deflator, our methodology combines the cost structure of the consumption expenditures from the input-output table with quarterly national...

Inflation is the percentage change in the CPI over a given period of time. It is usually calculated over a year (year-on-year inflation) and over a month (month-to-month inflation). Even if prices are not currently rising from month to month, the year-to-year inflation rate could still be...

This study compared standard VAR, SVAR with short-run restrictions, and SVAR with long-run restrictions to investigate the effects of oil price shocks and the foreign exchange rate (ZAR/USD) on consumer prices in South Africa after the 2008 financial crisis. The standard VAR model revealed that...

By comparing the Bundesbank's BOP-HH and the ECB's CES-ECB household panel surveys focusing on inflation perceptions and expectations with omnibus surveys conducted in Germany in December 2021 and 2022, this paper examines potential sample selection bias stemming from (i) individuals'...

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly published by the member agencies of the Inter-Secretariat Working Group on Price Statistics (IWGPS): the Statistical Office of the European Union (Eurostat), the International Labour...

Housing rents are one of the most important and difficult elements of spatial cost of living comparisons. Difficulties arise from the lack of sufficiently detailed and harmonized data, especially at the international level. The emergence of Airbnb has created a valuable new source of...

This article is an excerpted chapter from a research handbook on inflation in which we document measurement issues in the compilation of consumer price indexes. From defining the conceptual target to sampling, repricing, and aggregating the data, there are numerous issues that arise. In this...

This study examines the dynamic interplay between interest rates, inflation, and GDP growth in Southeast Asian economies from 2000 to 2023, employing the Panel ARDL framework with the Pooled Mean Group (PMG) model. The findings confirm a robust long-term relationship among the Deposit Interest...

Aim of this study is to examine the coherence of consumer price indices (CPI) variants in Pakistan using time series data. The techniques of data analysis are descriptive statistics and wavelet analysis. Plots of CPI variants show more frequent changes as compared to the base year / month from...

Energy inflation is a major source of headline inflation volatility and forecast errors, therefore it is critical to model it accurately. This paper introduces a novel suite of Bayesian VAR models for euro area HICP energy inflation, which adopts a granular, bottom-up approach - disaggregating...

The rise in inflation in recent years triggered a cost-of-living crisis, in which households' ability to afford basic necessities declined. The cost-of-living crisis disproportionately affected lower income households, with the proportion in material deprivation (i.e. unable to afford basic...

This study examines whether portfolio optimization can be effectively based on annual changes in the harmonized index of consumer prices (HICP) data. Specifically, we assess whether asset allocation based on consumer expenditure can generate superior returns compared to static or equal-weighted...

This paper studies the effects of country-specific energy prices on food consumer price inflation (CPI) within a cross-country Phillips curve framework. It considers a panel of 36 OECD member and candidate economies using quarterly data from the start of 1994 to the end of 2021. We find that...

The consumer price index (CPI) plays a critical role in measuring inflation. Recent inflation trends, however, have raised questions about its accuracy. This paper evaluates several of these critiques, including that the CPI fails to keep up with rapid changes in consumer expenditure patterns;...

This study examines the effectiveness of using webscraped data to predict price developments in the Austrian food retail sector. We calculate monthly nowcasts of price changes based on daily price data collected by the OeNB since mid-2020, using Eurostat methodology for price index calculation,...

Die Nutzung von Scannerdaten in der Verbraucherpreisstatistik hat viele Vorteile, bringt allerdings auch einige Herausforderungen mit sich. Eine der Herausforderungen ist die Klassifizierung der Artikel nach dem vom Verbraucherpreisindex verwendeten Klassifikationssystem COICOP. Aufgrund der...