Gauging (dis)inflation pressures: Comparing tools and current findings

Gauging current and forthcoming inflation or disinflation tendencies has become highly complex since covid and the geopolitical/energy crisis. Central banks worldwide have been developing and refining tools to gauge inflation pressures in real time, e.g. various measures of cost and pipeline pressures, wage indicators. These indicators can also be summarized in inflation pressure heatmaps etc. This workshop compares the latest methods and data sources employed by major central banks, with a view to fostering mutual learning. Researchers and policy economists from the ECB, the Fed, the Bank of England, the Sveriges Riksbank, the IMF and the BIS explain their methods currently employed as well as the way forward. These explanations are illustrated with current findings from these methods.