Dixon, Huw; Li, Yiyi; Meenagh, David; Tian, Maoshan - 2024
look at core inflation (excluding food and energy) across 9 large market economies (including the USA, Germany, Japan and …In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline …
