The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Title | The Distributional Implications of the Impact of Fuel Price Increases on Inflation PDF eBook |
Author | Mr. Kangni R Kpodar |
Publisher | International Monetary Fund |
Pages | 34 |
Release | 2021-11-12 |
Genre | Business & Economics |
ISBN | 1616356154 |
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Higher Fuel and Food Prices: Economic Impacts and Responses for Mozambique
Title | Higher Fuel and Food Prices: Economic Impacts and Responses for Mozambique PDF eBook |
Author | Channing Arndt, Rui Benfica, Nelson Maximiano, Antonio M.D. Nucifora, James T. Thurlow |
Publisher | Intl Food Policy Res Inst |
Pages | 32 |
Release | |
Genre | Social Science |
ISBN |
Food Prices and Rising Energy Costs
Title | Food Prices and Rising Energy Costs PDF eBook |
Author | Floyd Alvin Lasley |
Publisher | |
Pages | 22 |
Release | 1982 |
Genre | Agriculture |
ISBN |
An Analysis of how Higher Fuel Prices Affect the Cost of Living for Different Types of Families in the Northeastern United States
Title | An Analysis of how Higher Fuel Prices Affect the Cost of Living for Different Types of Families in the Northeastern United States PDF eBook |
Author | Robert Michael Coughlin |
Publisher | |
Pages | 296 |
Release | 1982 |
Genre | Cost and standard of living |
ISBN |
Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses
Title | Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses PDF eBook |
Author | International Monetary Fund. Research Dept. |
Publisher | International Monetary Fund |
Pages | 59 |
Release | 2008-06-30 |
Genre | Business & Economics |
ISBN | 1498334474 |
This report provides a first broad assessment of the impact of the surge in food and fuel prices on the balance of payments, budgets, prices, and poverty of a large sample of countries. It reviews countries’ macroeconomic policy responses to date and also discusses Fund advice for managing the price increases. Policies should (i) ensure that food and finance reaches the most affected countries as quickly as possible, (ii) include targeted and scaled-up social measures, and (iii) avoid high costs in terms of macroeconomic instability or loss in future agricultural production. Collaborating with international partners, the Fund also stands ready to provide balance of payments assistance. As the paper presents an initial assessment of a still-evolving situation, the somewhat tentative nature of the analysis should be borne in mind.
Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update
Title | Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update PDF eBook |
Author | International Monetary Fund. Strategy, Policy, & Review Department |
Publisher | International Monetary Fund |
Pages | 21 |
Release | 2008-09-19 |
Genre | Business & Economics |
ISBN | 149833413X |
This report updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Response. Food and oil prices peaked in early summer—in particular, oil prices surged to levels envisaged under the most adverse scenario presented in the June paper. Against this background, the effects of higher prices on the balance of payments, budgets, and domestic prices intensified and a large group of low- and middle-income countries is experiencing a substantial weakening of their balance of payments and higher inflation. These findings reinforce the importance of adopting appropriate policies to maintain macroeconomic stability while protecting the poor.
Challenges of High Food and Fuel Prices
Title | Challenges of High Food and Fuel Prices PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2008 |
Genre | Electronic book |
ISBN |