The Distributional Implications of the Impact of Fuel Price Increases on Inflation

The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-11-12
Genre: Business & Economics
ISBN: 1616356154

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Fuel Price Increases

Fuel Price Increases
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power
Publisher:
Total Pages: 280
Release: 1990
Genre: Petroleum industry and trade
ISBN:

Natural gas legislation

Natural gas legislation
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
Total Pages: 1680
Release: 1983
Genre:
ISBN:

Issues Facing the Future Use of Alaskan North Slope Natural Gas

Issues Facing the Future Use of Alaskan North Slope Natural Gas
Author: United States. General Accounting Office
Publisher:
Total Pages: 166
Release: 1983
Genre: Gas industry
ISBN:

This report summarizes the results of the General Accounting Office's examination of the marketing and financing obstacles encountered by the sponsors of the Alaska Natural Gas Transportation System. The report also examines five alternatives for transporting and using the abundant natural gas reserves of the Alaskan Arctic.

Proposed Changes to Natural Gas Laws

Proposed Changes to Natural Gas Laws
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Fossil and Synthetic Fuels
Publisher:
Total Pages: 780
Release: 1983
Genre: Government publications
ISBN: