Zdezagregowany wskaźnik inflacji w polityce pieniężnej banku centralnego

• Authors: Hałka Aleksandra

Abstracts

PL

Celem artykułu jest przedstawienie wyników badań zdezagregowanego wskaźnika cen w ocenie procesów inflacyjnych na przykładzie Polski. Prezentowane analizy wskazują, że podejście zdezagregowane pozwala na pełniejsze zrozumienie charakteru procesów cenotwórczych oraz na lepszą identyfikację czynników wpływających na kształtowanie się inflacji. Wyniki wskazują na trzy wnioski. Po pierwsze, znaczna część inflacji w Polsce jest uzależniona od czynników krajowych. Po drugie, nie należy utożsamiać wskaźnika inflacji bazowej z miarą presji popytowej w gospodarce. Po trzecie, zestaw czynników zewnętrznych kształtujących procesy cenotwórcze w Polsce jest stosunkowo szeroki i odmienny dla różnych komponentów wskaźnika cen.

EN

This article aims at presenting the results of the research concerning disaggregated price index in the assessment of inflation processes in Poland. Presented analysis shows that disaggregated approach allows for a fuller understanding of the nature of the price-setting process and better identification of factors affecting inflation. The results indicate three conclusions. Firstly, a significant part of the inflation in Poland is dependent on domestic factors. Secondly, the core inflation rate should not be equated with the measure of demand pressures in the economy. Thirdly, a set of external factors affecting the price-setting process in Poland is relatively wide and distinct for different components of the price index.

Keywords

PL

inflacja; zdezagregowane wskaźniki inflacji; polityka pieniężna; globalizacja; luka popytowa

EN

inflation; disaggregated inflation rates; monetary policy; globalization; output gap

• Publisher: Główny Urząd Statystyczny
• Journal: Wiadomości Statystyczne. The Polish Statistician
• Year: 2017
• Issue: 1
• Pages: 26-40

Dates

published

2017-01

Contributors

author

Hałka Aleksandra

• NBP

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