Harmonic analysis applied to extract the cyclical fluctuations in the price index of consumer goods and services Cover Image

Analiza harmoniczna w zastosowaniu do wyodrębnienia wahań cyklicznych wskaźnika cen towarów i usług konsumpcyjnych
Harmonic analysis applied to extract the cyclical fluctuations in the price index of consumer goods and services

Author(s): Grzegorz Przekota
Subject(s): Economy, National Economy, Socio-Economic Research
Published by: Główny Urząd Statystyczny
Keywords: harmonic analysis; business fluctuations; commodity price; services prices; cyclicality of the price index of goods and services; CPI

Summary/Abstract: The article discusses the problem of cyclicality of the price index of goods and services (CPI), recognizing that it is worthwhile to conduct research to better understand this phenomenon, since the behavior of prices is crucial to the functioning of the economy. To determine the cyclical nature of the CPI the author uses harmonic analysis, which allowed him to determine the strength and length variations in this ratio. The study covers the period of 2003—2012. The CPI calculated ”month to the same month of the previous year” shows fairly stronger periodic fluctuations than the calculated ”month to previous month”.

  • Issue Year: 59/2014
  • Issue No: 12
  • Page Range: 58-69
  • Page Count: 12
  • Language: Polish