ECB paper presents new measure of underlying inflation

European Central Bank

A working paper published by the European Central Bank presents a new measure for underlying inflation in the eurozone.

In PCCI – a data-rich measure of underlying inflation in the euro area, Marta Bańbura and Elena Bobeica explain the methodology of the persistent and common component of inflation (PCCI). Their new PCCI measure, they argue, is better in several ways than some existing measures of underlying inflation.  

The authors say the new index “reflects the view that underlying

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: