RBNZ finds strong co-movement in inflation


A research paper from the Reserve Bank of New Zealand published in March shows that category-specific factors account for a large part of the co-movement in the prices of primary commodities that are widely traded internationally.

Recent evidence suggests increasing co-movement in CPI inflation rates across industrialised countries. The paper considers whether increased international co-movement in inflation rates can be attributed to greater global integration of product markets.

The paper uses

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