During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian … countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity … to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to …

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …, and the criteria for choosing among them. The approaches to measurement considered include exclusion-based methods …

measurement of reinvested earnings and illustrative examples as to recording, from the Fund’s Balance of Payments Compilation …

in statistical estimates of international capital flows and monetary aggregates. We examine a variety of measurement …, we discuss some policy implications of co-circulation regarding seigniorage, inflation control, and the partial …

measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real …

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is … discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both …