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Pricing behaviour and inflation during the COVID-19 pandemic: Insights from consumer prices microdata

Olga Bilyk, Mikael Khan and Olena Kostyshyna

No 2024-6, Staff Analytical Notes from Bank of Canada

Abstract: Using the microdata underlying the Canadian consumer price index, we study how often and by how much firms changed their prices during the COVID-19 pandemic. We find that the surge in inflation was mainly associated with retailers raising prices much more often than before. We also find that more recently, corporate price-setting behaviour appears to be approaching pre-pandemic norms.

Keywords: Firm dynamics; Inflation and prices; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: D2 D22 E3 E31 L1 L11 (search for similar items in EconPapers)
Date: 2024-04
New Economics Papers: this item is included in nep-ind and nep-mon
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