Arbeitspapier
Price setting before and during the pandemic: Evidence from Swiss consumer prices
We provide new evidence on price rigidity at the product level based on microdata underlying the Swiss consumer price index from 2008 to 2020. We find that the frequency o f price changes has increased over the last decade, particularly among products where collection switched to online prices, reflecting t he r ise o f e -commerce. Furthermore, p rice changes tend to be synchronized within rather than across stores. Time variations in inflation can be attributed mainly to variations in the frequency of both price increases and price decreases. In the first year of the pandemic, the frequency of price adjustments changed little on average, while temporary sales responded countercyclically to the respective demand conditions across sectors.
- Language
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Englisch
- Bibliographic citation
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Series: KOF Working Papers ; No. 506
- Classification
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Wirtschaft
Price Level; Inflation; Deflation
Production, Pricing, and Market Structure; Size Distribution of Firms
- Subject
-
Price rigidity
price-setting behavior
consumer prices
inflation
COVID-19 pandemic
- Event
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Geistige Schöpfung
- (who)
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Rudolf, Barbara
Seiler, Pascal
- Event
-
Veröffentlichung
- (who)
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ETH Zurich, KOF Swiss Economic Institute
- (where)
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Zurich
- (when)
-
2022
- DOI
-
doi:10.3929/ethz-b-000581467
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Arbeitspapier
Associated
- Rudolf, Barbara
- Seiler, Pascal
- ETH Zurich, KOF Swiss Economic Institute
Time of origin
- 2022
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