Terms of trade

Created
Fri, 22/09/2023 - 18:00
Josh Martin and Julian Reynolds How much have higher import prices increased consumer prices in the UK and euro area? This post explores this question using a framework grounded in some fundamental economic and national accounting concepts. Starting with the GDP price, we adjust for relative import and export prices to arrive at a consumer … Continue reading Has the import price shock been worse in the UK or euro area?