Page 36 - Azerbaijan State University of Economics

Vugar Rahimov, Nigar Jafarova: The Exchange Rate Pass-Through to Aggregate
Consumer Price Index and Its Components In Azerbaijan

Appendix A2
Table 3: Unit root tests

Level First differences
Variable
t-statistic Status t-statistic Status
Aggregate CPI ***
(2002=100) -1.543 Non-stationary -5.053 Stationary

Food CPI ***
(2002=100) -1.674 Non-stationary -5.082 Stationary

Non-food CPI -0.424 Non-stationary -5.086 *** Stationary
(2002=100)

Service CPI ***
(2002=100) -2.117 Non-stationary -6.968 Stationary

NEER ***
(2002=100) -1.179 Non-stationary -7.252 Stationary

Oil revenue -2.121 Non-stationary -6.639 *** Stationary

TP CPI ***
(2002=100) -2.394 Non-stationary -7.198 Stationary

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