Forecasting consumer prices for package holidays, which represent a major driver of the inflation rate in Germany, poses some practical challenges. With a substantial share in the underlying consumer basket, prices for package holidays exhibit strong seasonality, notable volatility, and...

Forecasting consumer prices for package holidays, which represent a major driver of the inflation rate in Germany, poses some practical challenges. With a substantial share in the underlying consumer basket, prices for package holidays exhibit strong seasonality, notable volatility, and...