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Consumer price behaviour in Luxembourg: New evidence from micro price data for 2005-2017

Author

Listed:
  • Thomas Y. Mathä
  • Moritz Osterhuber
  • Ladislav Wintr

Abstract

This analysis studies individual price data from Luxembourg at monthly frequency from 2005 to 2017. We find that i) the frequency of price change in Luxembourg is close to the euro area average and that it it varies widely across product categories and product types, ii) in general, price increases are more common than price decreases, iii) compared to 1999-2004, price changes in Luxembourg were less common in 2005-2017, but price decrease were more common and iv) there is little evidence for economy-wide synchronisation of price adjustments.

Suggested Citation

  • Thomas Y. Mathä & Moritz Osterhuber & Ladislav Wintr, 2022. "Consumer price behaviour in Luxembourg: New evidence from micro price data for 2005-2017," BCL Bulletin Analyses, Central Bank of Luxembourg, vol. 2022, pages 75-84.
    • Handle: RePEc:bcl:bclban:bclanalyse20221a2
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    More about this item

    Keywords

    Price setting; consumer prices; rigidity; sales;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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