New Consumer Perceived Price Index reveals true inflation impact on consumers.
The article discusses how consumers in Poland perceive inflation differently from official statistics, mainly due to their focus on everyday purchases and their aversion to price increases. Researchers developed a new index called the Consumer Perceived Price Index (CPPI) to better reflect consumer inflation perceptions. They found that Polish consumers pay close attention to price changes of frequently bought goods and services, and these factors influence their opinions on price trends. The CPPI was more accurate in predicting consumer inflation expectations compared to traditional measures.