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The Contribution of Administered Prices and Indirect Taxation to Inflation in the Euro Area: Recent Results

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  • Wolfgang Nierhaus

Abstract

The contribution shows the influence of administered prices and indirect inflation on current price developments. There has been pronounced disinflation in the euro area for some time, while the harmonised consumer price index is actually below the previous year’s level. This development was mainly due to the falling price of oil, cheap food prices, as well as a negative output gap. The pricing pressure in the euro area from administrated price increases and higher indirect taxes fell significantly. In the second half of 2014 the increase in administered prices contributed 0.2 percentage points to overall inflation in the euro area and the influence of indirect taxation on the consumer price level ultimately fell.

Suggested Citation

  • Wolfgang Nierhaus, 2015. "The Contribution of Administered Prices and Indirect Taxation to Inflation in the Euro Area: Recent Results," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(04), pages 27-30, February.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:04:p:27-30
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    1. Wolfgang Nierhaus, 2014. "The Influence of Administered Prices and Indirect Taxes on Current Inflation Rates in the Euro Area," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(04), pages 36-40, February.
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    1. Nierhaus. Wolfgang, 2016. "How Administered Prices and Indirect Taxation Contribute to Inflation in the Euro Area: Latest Results," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(05), pages 28-32, March.

    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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