New Facts on Consumer Price Rigidity in the Euro Area

Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Petroulas, Pau Roldan-Blanco, Fabio Rumler, Sergio Santoro, Elisabeth Wieland and Hélène Zimmer

American Economic Journal: Macroeconomics, 2024, vol. 16, issue 4, 386-431

Abstract: Using CPI micro data for 11 euro area countries over 2010–2019, we document new findings on consumer price rigidity in the euro area: (i) the average frequency of price changes is 12 percent; (ii) the distribution of price changes is highly dispersed, with frequent large and small changes; (iii) price changes are more frequent in January; and (iv) the overall size of price changes rises with inflation, but their frequency does not; these changes in the size are driven by movements in the fraction of price changes that are increases, not by the absolute size of price increases or decreases.

JEL-codes: E31 E52 F33 L11 (search for similar items in EconPapers)
Date: 2024
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Related works:
Working Paper: New Facts on Consumer Price Rigidity in the Euro Area (2022)
Working Paper: New facts on consumer price rigidity in the Euro Area (2022)
Working Paper: New Facts on Consumer Price Rigidity in the Euro Area (2022)
Working Paper: New facts on consumer price rigidity in the euro area (2022)
Working Paper: New facts on consumer price rigidity in the euro area (2022)
Working Paper: New Facts on Consumer Price Rigidity in the Euro Area (2022)
Working Paper: New Facts on Consumer Price Rigidity in the Euro Area (2022)
Working Paper: New facts on consumer price rigidity in the euro area (2022)
Working Paper: New facts on consumer price rigidity in the euro area (2022)
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DOI: 10.1257/mac.20220289

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