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This is one reason why the ONS has this week launched an interactive calculator on its website, which allows users to work out their own personal rate of inflation, depending on how they actually spend their cash.
The key is the decomposition of the observed series into a common and idiosyncratic component, and in turn the determination of their degree of integration, which enables us to establish whether idiosyncratic and/or common shocks or policies can have transitory or permanent effects on inflation, depending on the degree of integration of either component.
Typically, the entrained inspiratory activity precedes or lags behind machine inflation depending on whether spontaneous respiratory frequency is higher or lower than the ventilator frequency [21].
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To what extent higher wage pressure will fuel inflation depends on productivity growth.
We find persistence in the series, that is, core goods inflation depends on its own past value.
He reasoned that because inflation depends on growth in the money supply, inflation would fall if he brought that growth down.
Ultimately, inflation depends on monetary policy; but Mr Greenspan believes that globalisation helped him.In future, he fears, it may not be so benign to monetary policymakers.
There is also an important nonlinear relationship between core services inflation and the unemployment gap, indicating that the impact of changes in labor market slack on core services inflation depends on the level of slack itself.
And if export prices have picked up recently this is entirely because of the rise in the yuan against the dollar, not faster inflation in China.In any case, the impact of China on global inflation depends on differences in price levels between countries, not on the rate of change in its export prices.
This suggests that the optimal rate of inflation depends on the balance between the effects of the grease and the sand.A few years ago, a classic study* of America's labour market concluded that an inflation rate of around 3% is best for growth and jobs.
Does the redistributive impact of inflation depend on the extent of financial development?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com