Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services&quest

Tomasz Łyziak ()
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Tomasz Łyziak: National Bank of Poland, Economic Institute, ul. Świętokrzyska 11/21, Warsaw 00-919, Poland.
Authors registered in the RePEc Author Service: Tomasz Łyziak

Comparative Economic Studies, 2009, vol. 51, issue 1, 100-117

Abstract: Inflation perceived by consumers may differ from official statistics due to different baskets of goods and services both variables refer to. Consumers may be substantially influenced by prices of frequent purchases. Such an effect was noted in some European countries at the time of the launch of the euro. This study tests the relationship between price changes of different baskets of goods and services and consumer inflation perception in Poland. A relatively fast increase in prices of frequently purchased products characterised the period of Polish accession to the European Union, which offers a good basis for analysing its impact on inflation perception. Comparative Economic Studies (2009) 51, 100–117. doi:10.1057/ces.2008.21

Date: 2009
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