The High Price of Natural Gas and Its Impact on Small Businesses

The High Price of Natural Gas and Its Impact on Small Businesses
Author: United States House of Representatives
Publisher:
Total Pages: 90
Release: 2019-12-09
Genre:
ISBN: 9781672610322

The high price of natural gas and its impact on small businesses: issues and short term solutions: hearing before the Subcommittee on Rural Enterprises, Agriculture & Technology of the Committee on Small Business, House of Representatives, One Hundred Ninth Congress, first session, Washington, DC, March 17, 2005.

The High Price of Natural Gas and Its Impact on Small Businesses

The High Price of Natural Gas and Its Impact on Small Businesses
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Total Pages: 90
Release: 2018-02-09
Genre:
ISBN: 9781985209343

The high price of natural gas and its impact on small businesses : issues and short term solutions : hearing before the Subcommittee on Rural Enterprises, Agriculture & Technology of the Committee on Small Business, House of Representatives, One Hundred Ninth Congress, first session, Washington, DC, March 17, 2005.

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.