Consumer price behaviour in Luxembourg: New evidence from micro price data for 2005-2017

Thomas Mathä, Moritz Osterhuber () and Ladislav Wintr ()

BCL Bulletin Analyses, 2022, vol. 2022-1, 75-84

Abstract: This analysis studies individual price data from Luxembourg at monthly frequency from 2005 to 2017. We find that i) the frequency of price change in Luxembourg is close to the euro area average and that it it varies widely across product categories and product types, ii) in general, price increases are more common than price decreases, iii) compared to 1999-2004, price changes in Luxembourg were less common in 2005-2017, but price decrease were more common and iv) there is little evidence for economy-wide synchronisation of price adjustments.

Keywords: Price setting; consumer prices; rigidity; sales (search for similar items in EconPapers)
JEL-codes: C23 C41 E31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclban:bclanalyse20221a2

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