Inflation in new EU10 driven by common factors

A major part of inflation in the ten new European Union (EU) member countries is driven by common factors, a new paper from the International Monetary Funds reveals.

The research shows that price-level convergence, convergence of real interest rates and commodity prices are significant common factors for headline inflation. The research also finds that idiosyncratic factors play a role in the inflation process, such as domestic cyclical and financial conditions.

Click here to read the paper

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