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One-Stop Source: A Global Database of Inflation

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dc.contributor.authorHa, Jongrim
dc.contributor.authorKose, M. Ayhan
dc.contributor.authorOhnsorge, Franziska
dc.date.accessioned2021-07-29T12:40:44Z
dc.date.available2021-07-29T12:40:44Z
dc.date.issued2021-07
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/287091627411399489/One-Stop-Source-A-Global-Database-of-Inflation
dc.identifier.doi10.1596/1813-9450-9737
dc.identifier.urihttps://hdl.handle.net/10986/36037
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9737
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINFLATION
dc.subjectDEFLATION
dc.subjectINFLATION SYNCHRONIZATION
dc.subjectPRICES
dc.subjectCONSUMER PRICE INDEX
dc.titleOne-Stop Sourceen
dc.title.subtitleA Global Database of Inflationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleOne-Stop Source: A Global Database of Inflation
okr.date.disclosure2021-07-27
okr.date.doiregistration2025-04-10T10:23:40.822698Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/287091627411399489/One-Stop-Source-A-Global-Database-of-Inflation
okr.guid287091627411399489
okr.identifier.doi10.1596/1813-9450-9737
okr.identifier.externaldocumentum090224b08883899c_1_0
okr.identifier.internaldocumentum33298668
okr.identifier.reportWPS9737
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/287091627411399489/pdf/One-Stop-Source-A-Global-Database-of-Inflation.pdfen
okr.topicMacroeconomics and Economic Growth::Inflation
okr.unitProspects Group
relation.isAuthorOfPublicationac9fefe8-9d4d-555d-bb68-f056fd7a3790
relation.isAuthorOfPublication5807995a-9e0a-5d56-b622-d4d19e723613
relation.isAuthorOfPublication.latestForDiscovery5807995a-9e0a-5d56-b622-d4d19e723613
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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