Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 49 , 01 December 2023
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US Inflation Analysis and Forecast Based on US-China Trade Perspective
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Abstract
Since the US initiated the trade war and sought the decoupling of trade between China and the US, the US economic and financial situation has taken a sharp turn and inflation has remained high. So, this article studied the inflation analysis of the United States from the perspective of Sino-US trade and made a forecast. This paper constructs an ARIMAX model to empirically analyze the relationship between US-China trade and US inflation. The study shows that there is a significant positive correlation between China's export price index and the US CPI, which shows that China and the US are important stakeholders of each other. Because the United States is one of the largest economies, its economic development is of great significance to the world economic pattern and affects the whole world. Through the economic and trade cooperation between China and the United States, the inflation rate of the United States will be reduced, and the economic growth of the United States will be promoted.
Keywords
inflation, ARIMAX model, export price index, CPI
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-145-2
- ISBN (Online)
- 978-1-83558-146-9
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/49/20230487
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited