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