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 positive and high. As shown in this article, it is possible that, during a certain period, the …

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … the twin puzzle of missing disinflation and missing inflation in the era after the Great Recession. Specifically, without …

inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather … quickly. However, the short-run effects on headline inflation would be sizable. For example, on a year-over-year basis …

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI …. We allow for nonlinear effects of precipitation on food CPI inflation, and also control for possible nonlinear effects of … temperature. We find that precipitation has significant nonlinear effects on food CPI inflation. The coefficient of food CPI …

This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the … inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and … inflation and also significant for food CPI inflation. A 10% depreciation in the exchange rate leads to an increase in energy …

This paper studies the effects of country-specific energy prices on food consumer price inflation (CPI) within a cross … 1994 to the end of 2021. We find that energy CPI inflation has a significantly positive effect on food CPI inflation, after … inflation expectations, global food commodity prices and core CPI inflation. We also find that the effect of energy CPI …

This paper examines the impact of current account balances on energy, headline, and core inflation across developed and … find that an improvement in the current account consistently leads to lower inflation, with heterogeneous effects across … inflation components, even when controlling for monetary policy. Our analysis also explores regional differences and contrasts …