Economics, Econometrics and Finance
4 years ago

Prices in Austria remain unchanged for up to 14 months on average.

RePEc: Research Papers in Economics
How frequently do consumer prices change in Austria? Evidence from micro CPI data
Josef Baumgartner, Ernst Glatzer, Fabio Rumler, Alfred Stiglbauer

Paper Summary

Consumer prices in Austria are studied using data from the CPI. On average, prices stay the same for 10 to 14 months. Price changes vary across sectors and products, with increases slightly more common than decreases. The average price change is significant at 11-15%. Prices are less likely to change over time. During the Euro cash changeover, prices were more likely to change.

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