Replication Package for Decomposing the Rate of Inflation: Forecast-Based Connectedness among CPI Components

This repository contains the data and R code used to replicate all empirical results, figures, and tables presented in the above-mentioned article. The study employs a time-varying parameter vector autoregressive (TVP-VAR)-based connectedness approach to analyze country-specific inflation-transmission mechanisms across CPI components. This package is designed to ensure transparency and facilitate the independent verification of the statistical findings.