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November
2002, Vol. 125, No.11
An empirical analysis of price transmission by stage of processing
Jonathan WeinhagenAn empirical examination of causal price relationships from a stage-of-processing approach reveals that changes in the indexes for crude- and intermediate-goods prices often preceded changes in the CPI during the 1970s and 1980s; since the early 1990s, however, the relationship has become more tenuous.
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Consumer Price Index
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