Ball, Laurence M.; Leigh, Daniel; Mishra, Prachi; … - National Bureau of Economic Research - 2021
.S. headline inflation rate. This paper compares alternative approaches to filtering out the transitory effects of these industry … measure of core, the inflation rate excluding food and energy prices, has performed poorly: over most of 2020-21, it is almost … Atlanta Fed's sticky-price inflation rate, have been less volatile, but the least volatile have been measures that filter out …