One-Stop Source : A Global Database of Inflation
This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator changes); (...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/287091627411399489/One-Stop-Source-A-Global-Database-of-Inflation http://hdl.handle.net/10986/36037 |
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okr-10986-360372021-07-30T05:10:36Z One-Stop Source : A Global Database of Inflation Ha, Jongrim Kose, M. Ayhan Ohnsorge, Franziska INFLATION DEFLATION INFLATION SYNCHRONIZATION PRICES CONSUMER PRICE INDEX This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator changes); (ii) at multiple frequencies (monthly, quarterly and annual) for an extended period (1970–2021); and (iii) for a large number (up to 196) of countries. As it doubles the number of observations over the next-largest publicly available sources, the database constitutes a comprehensive, single source for inflation series. The paper illustrates the potential use of the database with three applications. First, it studies the evolution of inflation since 1970 and document the broad-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 percent in 1974 to 2.5 percent in 2020. Second, it examines the behavior of inflation during global recessions. Global inflation fell sharply (on average by 0.9 percentage points) in the year to the trough of global recessions and continued to decline even as recoveries got underway. In 2020, inflation declined less, and more briefly, than in any of the previous four global recessions over the past 50 years. Third, the paper analyzes the role of common factors in explaining movements in different measures of inflation. While, across all inflation measures, inflation synchronization has risen since the early 2000s, it has been much higher for inflation measures that involve a larger share of tradable goods. 2021-07-29T12:40:44Z 2021-07-29T12:40:44Z 2021-07 Working Paper http://documents.worldbank.org/curated/en/287091627411399489/One-Stop-Source-A-Global-Database-of-Inflation http://hdl.handle.net/10986/36037 English Policy Research Working Paper;No. 9737 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INFLATION DEFLATION INFLATION SYNCHRONIZATION PRICES CONSUMER PRICE INDEX |
| spellingShingle |
INFLATION DEFLATION INFLATION SYNCHRONIZATION PRICES CONSUMER PRICE INDEX Ha, Jongrim Kose, M. Ayhan Ohnsorge, Franziska One-Stop Source : A Global Database of Inflation |
| relation |
Policy Research Working Paper;No. 9737 |
| description |
This paper introduces a global database
that contains inflation series: (i) for a wide range of
inflation measures (headline, food, energy, and core
consumer price inflation; producer price inflation; and
gross domestic product deflator changes); (ii) at multiple
frequencies (monthly, quarterly and annual) for an extended
period (1970–2021); and (iii) for a large number (up to 196)
of countries. As it doubles the number of observations over
the next-largest publicly available sources, the database
constitutes a comprehensive, single source for inflation
series. The paper illustrates the potential use of the
database with three applications. First, it studies the
evolution of inflation since 1970 and document the
broad-based disinflation around the world over the past
half-century, with global consumer price inflation down from
a peak of roughly 17 percent in 1974 to 2.5 percent in 2020.
Second, it examines the behavior of inflation during global
recessions. Global inflation fell sharply (on average by 0.9
percentage points) in the year to the trough of global
recessions and continued to decline even as recoveries got
underway. In 2020, inflation declined less, and more
briefly, than in any of the previous four global recessions
over the past 50 years. Third, the paper analyzes the role
of common factors in explaining movements in different
measures of inflation. While, across all inflation measures,
inflation synchronization has risen since the early 2000s,
it has been much higher for inflation measures that involve
a larger share of tradable goods. |
| format |
Working Paper |
| author |
Ha, Jongrim Kose, M. Ayhan Ohnsorge, Franziska |
| author_facet |
Ha, Jongrim Kose, M. Ayhan Ohnsorge, Franziska |
| author_sort |
Ha, Jongrim |
| title |
One-Stop Source : A Global Database of Inflation |
| title_short |
One-Stop Source : A Global Database of Inflation |
| title_full |
One-Stop Source : A Global Database of Inflation |
| title_fullStr |
One-Stop Source : A Global Database of Inflation |
| title_full_unstemmed |
One-Stop Source : A Global Database of Inflation |
| title_sort |
one-stop source : a global database of inflation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/287091627411399489/One-Stop-Source-A-Global-Database-of-Inflation http://hdl.handle.net/10986/36037 |
| _version_ |
1764484295559217152 |