Discussion Paper
Oil Price Pass-Through into Core Inflation
Abstract: Quantifying the magnitude and establishing the timing of the pass-through of oil price changes to consumer prices is crucial for forecasting inflation. Characterizing this pass-through is particularly important because oil prices tend to undergo wide fluctuations. In this note we presented estimates of the oil price pass-through into consumer prices both in the US and in the euro area.
https://doi.org/10.17016/2380-7172.2066
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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/oil-price-pass-through-into-core-inflation-20171019.htm
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2017-10-19
Number: 2017-10-19-1
Note: This note was revised on April 29, 2019 to correct the data table for Figure 1 on the accessible page. The previous version omitted the second table which describes the common component depicted in the right panel of the image.