6422.0 - Information Paper: Producer Price Indexes Developments, 1999

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/03/1999

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Contents >> PART A - EXPERIMENTAL INDEX NUMBERS WITHIN A STAGE OF PRODUCTION FRAMEWORK >> Chapter 5. A comprehensive SOP data model >> Lead-lag analysis

5.23 A preliminary lead-lag analysis of the relevant series that have the potential linkages illustrated by the shaded boxes in diagram 2 did not reveal evidence of any significant lead-lag relationships between the selected pairs of price indexes. However, the analysis was limited because of the relatively short period of study and the low inflation rates over the period.

5.24 In the future, it will be informative to extend the lead-lag analysis to incorporate the additional data shown in diagram 2 as they become available (e.g. producer price indexes for service industries, the Wage Cost Index, etc.) and for a longer time period.