Cyclical Behavior of Key Macroeconomic Variables for the R.O.K. Economy (8)

: Annual Price Indexes

 

Some time series data for the R.O.K. macroeconomic variables are available annually and quarterly while some are not available quarterly or at all. Various annual price data for R.O.K. are available. The statistics were calculated from logarithmically transformed and then H-P-filtered data.

Correlation of Annual Price Indexes with Real Gross Domestic Product over Time

VariableSD%Cross Correlation of Output with
X(-5)X(-4)X(-3)X(-2)X(-1)X[Kor]X(1)X(2)X(3)X(4)X(5)
GDP 0.232-0.052-0.166-0.1290.0310.4681.0000.4680.031-0.129-0.166-0.052
PPI 2.494-0.270-0.128-0.099-0.244-0.518-0.654-0.331-0.0280.2530.4070.416
GPPI2.532-0.275-0.136-0.098-0.225-0.497-0.642-0.326-0.0300.2550.4150.409
SPPI0.401-0.1450.5770.605-0.115-0.607-0.7020.1640.4090.4310.4830.095
SPI1.1750.046-0.005-0.0280.084-0.195-0.377-0.175-0.1080.0490.2170.115
RISPI1.4310.0390.022-0.0350.080-0.196-0.337-0.112-0.1290.0110.1680.062
RSPI2.9640.018-0.001-0.040-0.009-0.162-0.127-0.014-0.128-0.0390.0970.085
ISPI1.2750.0460.028-0.0410.099-0.191-0.387-0.140-0.1210.0220.1750.042
FSPI0.8310.096-0.0380.0000.102-0.158-0.482-0.387-0.0660.1560.3230.232
CPI1.912-0.251-0.234-0.210-0.337-0.541-0.611-0.2700.0850.3070.4050.410

Notes

SD%: The square root of (average of (cycle/trend)^2 ); GDP: Gross Domestic Product; PPI: Producer Price Indexes of All items (Basic Groups), 2010=100, 1965-2017; GPPI: Producer Price Indexes of Goods (Basic Groups), 1965-2017; SPPI: Producer Price Indexes of Services (Basic Groups), 1995-2017; SPI: Domestic Supply Price Indexes (Basic Groups) 2010=100, 1980-2017; RISPI: Domestic Supply Price Indexes of Raw & intermediate materials (Basic Groups); RSPI: Domestic Supply Price Indexes of Raw materials (Basic Groups); ISPI: Domestic Supply Price Indexes of Intermediate materials (Basic Groups); FSPI: Domestic Supply Price Indexes of Final goods and services (Basic Groups); CPI: Consumer Price Indexes of Total items, 2015=100, 1965-2017