BIS paper unveils refined measure for Chinese inflation
'Underlying inflation gauge' aims to improve on traditional measures
Researchers have developed a new measure for Chinese inflation, which they believe tackles many of the shortcomings of more traditional measures.
Two economists from the Bank for International Settlements (BIS), Marlene Amstad and Guonan Ma, collaborated with Ye Huan of the People's Bank of China to produce what they believe is the first ‘underlying inflation gauge' (UIG) for an emerging market country. Their findings were published yesterday by the BIS in a working paper.
CPI inflation suffers
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