Publicatie - Studie, onderzoeksrapport, analyse
NBB Working Paper, 2022, 408: New facts on consumer price rigidity in the euro area
Oorspronkelijke titel: New facts on consumer price rigidity in the euro area
Bron: nbb.be
21-06-2022
Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United States; when we exclude price changes due to sales, however, the proportion of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price rigidity are rather …
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