Inflation

Unlike interest-rate indexes, inflation indexes have a considerable lag between the period they refer to and the date they’re published; and also unlike interest-rate indexes, they’re published monthly or quarterly, which often means they are interpolated to obtain a value for a particular date.

This has significant consequences in the interface of both the indexes and their forecast curves; and in some cases, we’re still trying to figure out what the best interface should be. In the next chapters, we’ll have a look at the current state of the relevant classes.