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The breadth of disinflation

Author

Listed:
  • Colin Gardiner
  • Bart Hobijn

Abstract

In recent months, inflation as measured by the personal consumption expenditures price index has been trending lower. This slowdown, known as disinflation, has raised concerns that inflation might actually drop below zero and enter a period of deflation. An examination of the distribution of inflation rates across the range of goods and services that compose the index suggests that downward pressures on inflation are relatively high by historical standards.

Suggested Citation

  • Colin Gardiner & Bart Hobijn, 2010. "The breadth of disinflation," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec6.
    • Handle: RePEc:fip:fedfel:y:2010:i:dec6:n:2010-36
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    References listed on IDEAS

    as
    1. Blanchard, Olivier J, 1984. "The Lucas Critique and the Volcker Deflation," American Economic Review, American Economic Association, vol. 74(2), pages 211-215, May.
    2. Ben S. Bernanke, 2002. "Deflation: making sure \"it\" doesn't happen here," Speech 530, Board of Governors of the Federal Reserve System (U.S.).
    3. James B. Bullard, 2013. "Seven Faces of \\"The Peril\\"," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 613-628.
    4. repec:fip:fedgsq:y:2002:i:nov21 is not listed on IDEAS
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    Cited by:

    1. Dennis Bonam & Gabriele Galati & Irma Hindrayanto & Marco Hoeberichts & Anna Samarina & Irina Stanga, 2019. "Inflation in the euro area since the Global Financial Crisis," DNB Occasional Studies 1703, Netherlands Central Bank, Research Department.

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