Inflation revisions are significant, finds NY Fed research

Understanding inflation in real time poses major difficulties, researchers say


Revisions to official inflation statistics are substantial, making understanding inflation in real time difficult, research from the Federal Reserve Bank of New York finds.

In the blogpost, published on September 7, the researchers say there is “significant uncertainty” in real-time inflation measurement.

The recent rise in inflation and subsequent cooling “may look quite different in hindsight once further revisions have taken place”, the authors say. They found substantial differences in

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