Sectoral prices growing in importance as inflation driver – BIS paper

The Bank for International Settlements, Basel
Photo: Ulrich Roth

Sector-specific price changes are becoming more important as a driver of inflation in many economies, research published by the Bank for International Settlements finds.

Authors Claudio Borio, Piti Disyatat, Dora Xia and Egon Zakrajšek say this finding calls for flexibility from central banks. 

The quarterly bulletin article explores data from the US on 131 “narrowly defined” sectors of the personal consumption expenditures inflation index. The “common component” of inflation becomes less

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:

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: