Comparing measures of core inflation

RESEARCH - Todd E. Clark, of the Federal Reserve Bank of Kansas City has published an article in the Bank's Second Quarter 2001 Economic Review. The research compares five different measures of core CPI inflation.

Although many policymakers and analysts associate "core CPI inflation" with the CPI excluding food and energy, there are other measures of core consumer price inflation. Like the CPI excluding food and energy, these other measures typically attempt to identify the underlying trend in

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