National/regional news and analysis

The Lockdown Weighted inflation CPILW for December 2020

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute
 
Summary
The CPILW rose slightly from 0.7% in November to 0.8% in December.  The CPIH measure of inflation also increased from 0.6% in November 2020 to 0.8% in December. Both measures indicate an increase in inflation in December.

The Lockdown Weighted inflation CPILW for November 2020

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute
 
Summary
The CPILW fell slightly from 0.9% in October to 0.7% in November.  The CPIH measure of inflation also decreased from 0.9% in October 2020 to 0.6% in November. Both measures indicate a fall in inflation in November.

The stochastic impact of extreme weather events

Global warming is likely to increase the frequency and intensity of extreme or abnormal weather events (Herring et al, 2018, NASEM, 2016). In this note, we quantify the uncertainty of GDP outcomes resulting from abnormal weather events, considering both the initial destruction that is caused by the event as well as the boost to activity from the subsequent rebuild.
 

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