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 …

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 …

The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …

Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …

displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to …We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches …