Inflation lags						
		(1)	(2)	(3)	(4)	(5)
VARIABLES	LABELS	Core CPI inflation	Core CPI inflation	Core CPI inflation	Core CPI inflation	Core CPI inflation
						
ur	Unemployment rate	-0.150***	-0.162***	-0.272***	-0.379***	-0.500***
		[0.016]	[0.019]	[0.036]	[0.052]	[0.103]
pic	Core CPI inflation					
						
lpic	First lag	0.362***	0.371***	0.122***	0.105***	0.079**
		[0.035]	[0.036]	[0.035]	[0.034]	[0.033]
epi	1 year ahead inflation expectations	0.598***	0.589***	0.259*	0.225	0.216
		[0.058]	[0.059]	[0.147]	[0.141]	[0.139]
						
Observations		1,525	1,525	1,525	1,525	1,525
R-squared		0.321	0.350	0.450	0.487	0.483
Metro area FE		No	Yes	No	Yes	Yes
Year FE		No	No	Yes	Yes	Yes
Seasonal dummies		Yes	Yes	Yes	Yes	Yes
Robust standard errors in brackets						
*** p<0.01, ** p<0.05, * p<0.1