Business, Management and Accounting
4 years ago

Belgian consumer prices show significant variation in flexibility and stickiness.

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SSRN Electronic Journal
How Frequently Do Prices Change? Evidence Based on the Micro Data Underlying the Belgian CPI
Luc Aucremanne, Emmanuël Dhyne

Paper Summary

Prices in Belgium change at different rates for different products, with some prices changing every month while others stay the same for about 13 months. Most price changes are increases, but decreases also happen, especially for services. Price changes are not synchronized across similar products.

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