The Pandemic Waves' Impact on the Crude Oil Price and the Rise of Consumer Price Index: Case Study for Six European Countries

This study examines the response of the Consumer Price Index (CPI) in local currency to the COVID-19 pandemic using monthly data (March 2020–February 2022), comparatively for six European countries. We have introduced a model of multivariate adaptive regression that considers the quasi-periodic effects of pandemic waves in combination with the global effect of the economic shock to model the variation in the price of crude oil at international levels and to compare the induced effect of the pandemic restriction as well and the oil price variation on each country's CPI. The model was tested for the case of six emergent countries and developed European countries. The findings show that: (i) pandemic restrictions are driving a sharp rise in the CPI, and consequently inflation, in most European countries except Greece and Spain, and (ii) the emergent economies are more affected by the oil price and pandemic restriction than the developed ones.

A Data Driven Study on the Variant of Covid-19 in Hong Kong

The new wave of COVID-19 in Hong Kong, China was overwhelming again by “dynamic zero” strategy and non-pharmaceutical interventions (DZ-NPIs), which makes a time challenge to control the variant of this epidemic. We describe the variant of Covid-19 in Kong Hong to the infected proportion of the population, cumulative confirmed cases, cumulative deaths and current hospitalizations by age group via statistical measure firstly, then establish time series model for fitting the accumulative confirmed cases, further to predict the trend for searching out possible turning time-points. Non-linear regression model is created to feature the deaths series, then we figure out the parameters and educe the controlling condition for this epidemic. We expect our data-driven modeling process providing some insights to the controlling strategy for the new wave of the Covid-19 variant in Hong Kong, even in the mainland of China © 2022 Ding and Xiang;Licensee Lifescience Global. This is an open access article licensed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution and reproduction in any medium, provided the work is properly cited