. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very close to … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies … develops a new method for looking at the composition of inflation and illustrating how relative price dynamics interact with …

Oil price showed sharp fluctuations in recent years which revived the interest in its effect on inflation. In this … paper, we discuss the relationship between oil price and inflation in Spain, at national and regional levels, and making the … distinction between energy and non-energy inflation. To this end, we fit econometric models to measure the effect of oil price …