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来源类型Working Paper
规范类型报告
DOI10.3386/w27352
来源IDWorking Paper 27352
Inflation with Covid Consumption Baskets
Alberto Cavallo
发表日期2020-06-15
出版年2020
语种英语
摘要The Covid-19 Pandemic has led to changes in consumer expenditure patterns that can introduce significant bias in the measurement of inflation. I use data collected from credit and debit transactions in the US to update the official basket weights and estimate the impact on the Consumer Price Index (CPI). I find that the Covid inflation rate is higher than the official CPI in the US, for both headline and core indices. I also find similar results with Covid baskets in 10 out of 16 additional countries. The difference is significant and growing over time, as social-distancing rules and behaviors are making consumers spend relatively more on food and other categories with rising inflation, and relatively less on transportation and other categories experiencing significant deflation.
主题Econometrics ; Estimation Methods ; Macroeconomics ; Consumption and Investment ; Business Cycles ; COVID-19
URLhttps://www.nber.org/papers/w27352
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585025
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GB/T 7714
Alberto Cavallo. Inflation with Covid Consumption Baskets. 2020.
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