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The ability of central banks to differentiate between permanent & transitory price movements is critical for the conduct of monetary policy. The importance of g

The ability of central banks to differentiate between permanent and transitory price movements is critical for the conduct of monetary policy. The importance of

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the w

Large price changes in industries affected by the COVID-19 pandemic have caused erratic fluctuations in the U.S. headline inflation rate. This paper compares al