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Global inflation: the role of food, housing and energy prices

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  • Parker, Miles

Abstract

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular focus on the food, housing and energy sub-indices. It uses a comprehensive dataset of 223 countries and territories collected from national and international sources. Global factors explain a large share of the variance of national inflation rates for advanced countries JEL Classification: E31, E52, F42

Suggested Citation

  • Parker, Miles, 2017. "Global inflation: the role of food, housing and energy prices," Working Paper Series 2024, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:20172024
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    References listed on IDEAS

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    Cited by:

    1. Miles Parker, 2018. "The Impact of Disasters on Inflation," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 21-48, April.
    2. Gregor Bäurle & Matthias Gubler & Diego R. Känzig, 2017. "International inflation spillovers - the role of different shocks," Working Papers 2017-07, Swiss National Bank.

    More about this item

    Keywords

    common factor; energy prices; food prices; global inflation;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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