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Measuring Core Inflation


An analysis of the use of limited-information estimators as measures of core inflation, showing that these estimators, such as the median of the cross-sectional distribution of inflation, have a higher correlation with past money growth and deliver improved forecasts of future inflation relative to the Consumer Price Index.


Suggested citation: Bryan, Michael, and Stephen Cecchetti, 1993. “Measuring Core Inflation,” Federal Reserve Bank of Cleveland, Working Paper no. 93-04.

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  • 09.29.22

    Inflation: Drivers and Dynamics Conference 2022

    The Inflation: Drivers and Dynamics 2022 conference, co-sponsored by the Center for Inflation Research and the European Central Bank will take place on September 29-30, 2022 in Cleveland, OH.