Bericht
Inflation heterogeneity at the household level
Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been small and time varying. Householdspecific behaviour appears to dominate inflation differences within countries. Between countries, multinational retail chains not only differentiate products by branding, but also charge different prices for identical products. Retailers continue to differentiate prices along national borders, even within largely integrated economic regions. Price changes, however, are broadly aligned across borders within the same retailers.
- ISBN
-
978-92-899-6154-7
- Language
-
Englisch
- Bibliographic citation
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Series: ECB Occasional Paper ; No. 325
- Classification
-
Wirtschaft
Consumer Economics: Empirical Analysis
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Price Level; Inflation; Deflation
Economic Integration
- Subject
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inflation
consumer prices
heterogeneous agents
substitution,inequality
- Event
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Geistige Schöpfung
- (who)
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Strasser, Georg
Messner, Teresa
Rumler, Fabio
Ampudia, Miguel
- Event
-
Veröffentlichung
- (who)
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European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2023
- DOI
-
doi:10.2866/227491
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Strasser, Georg
- Messner, Teresa
- Rumler, Fabio
- Ampudia, Miguel
- European Central Bank (ECB)
Time of origin
- 2023
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