Reserve Bank of New Zealand Bulletin, Dec 2006

The Reserve Bank of New Zealand published the December 2006 issue of its Bulletin on 13 December. The first article of this issue considers the role of core inflation statistics and outlines a range of possible calculation methods.

The article sets out some characteristics that a core inflation measure might ideally possess and then goes on to assess seven core inflation measures used at the Reserve Bank in light of these criteria. Whilst there are trade-offs involved, the article identifies

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