Policymakers are interested in the general trend of inflation. Headline inflation is subject to different shocks and contains noise due to the heterogeneity inherit in it. Therefore, core inflation measures, which are better capable of indicating general trend, are developed. Atuk and Özmen...

In this study, we discuss the overall performance of different core inflation measures for Turkey. We first describe and derive the core measures based on exclusion, statistical and model-based methods. We then compare their performances during the entire sample period of January 2003 –...