Core Inflation - History

History

The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. This is the definition of "core inflation" most used for political purposes. Core inflation was also developed and advocated by Otto Eckstein, in (Eckstein 1981).

Read more about this topic:  Core Inflation

Famous quotes containing the word history:

    “The greatest honor history can bestow is that of peacemaker.”
    —Richard M. Nixon (1913–1995)

    “What we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.”
    —Thomas Mann (1875–1955)

    “This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
    —Titus Livius (Livy)