The spread of inflation from energy to other components
Rationale Inflation has risen continuously since December 2020. The increase was initially confined to the energy component, but has subsequently spread to food and the other components. It is important to understand the extent to which the spread of inflation is the result of higher energy prices....
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2022 |
| País: | España |
| Institución: | Banco de España |
| Repositorio: | Repositorio Institucional del Banco de España |
| OAI Identifier: | oai:repositorio.bde.es:123456789/25119 |
| Acceso en línea: | https://repositorio.bde.es/handle/123456789/25119 |
| Access Level: | acceso abierto |
| Palabra clave: | Structural analysis Economic situation Inflation Energy Vector autoregression Métodos Econométricos y Estadísticos Fluctuaciones y ciclos económicos Modelos econométricos C11 C32 E31 |
| Sumario: | Rationale Inflation has risen continuously since December 2020. The increase was initially confined to the energy component, but has subsequently spread to food and the other components. It is important to understand the extent to which the spread of inflation is the result of higher energy prices. Takeaways •The influence of energy prices on underlying inflation has increased. •This is partly due to the larger size of recent shocks, but also to an intensification of the pass-through of the changes in energy prices to other consumer prices. |
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