graph_Graph A1_C1C09969

Bilateral price spillovers across US PCE categories¹

Graph A1

A. Sample period: January 1965–December 1985

B. Sample period: January 1986–December 2019

¹ Share of the variance of sectoral price changes explained by shocks to prices in other sectors over a horizon of 12 months.

Sources: Board of Governors of the Federal Reserve System; Federal Reserve Bank of St Louis, FRED; World Bank; Datastream; national data; BIS.