Inflation Series

Null Hypothesis: Infl has a unit root

Exogenous: Constant

Lag Length: 5 (Automatic—based on SIC, maxlag = 7)

t-Statistic

Prob.*

Augmented Dickey-Fuller test statistic

−13.20135

0.0006

Test critical values:

1% level

−3.023452

5% level

−2.452103

10% level

−2.412034