Energy expenditures and CPI inflation in 2022: inflation was even higher than we thought

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Energy expenditures and CPI inflation in 2022: inflation was even higher than we thought
Authors:
In the Journal:
Energy economics, 2025, 145, 108482
Subject terms:
LT
Ekonominė padėtis / Economic conditions; Nacionalinė sąskaityba. Pajamos / National accounts. Income; Jungtinė Karalystė (Didžioji Britanija; Great Britain; United Kingdom, UK, GB); Belgija (Belgium); Estija (Estonia); Airija (Ireland); Graikija (Greece); Italija (Italy); Kipras (Cyprus); Lietuva (Lithuania); Nyderlandai (Netherlands); Rumunija (Romania); Slovėnija (Slovenia).
Summary / Abstract:

ENFollowing the sudden increase in the energy price in the second quarter of 2022 caused by the Russia-Ukraine war, inelastic demand generated significant changes in household expenditure shares for energy (particularly in electricity, gas, and other fuels and in fuels and lubricants). These produced a significant downward bias in the official CPI inflation rate for energy and in the official CPI inflation rate for all items in the UK. The downward bias was significantly higher in the European Union in 2022, specifically in Belgium, Estonia, Ireland, Greece, Italy, Cyprus, Lithuania, the Netherlands, Romania, and Slovenia. Keywords: energy price; inflation measurement; household final consumption expenditure (HHFCE); Consumer Price index (CPI).

DOI:
10.1016/j.eneco.2025.108482
ISSN:
1873-6181; 0140-9883
Subject area:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/58338
Updated:
2026-07-07 21:56:10
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