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Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?

  • Tomasz Łyziak


    (National Bank of Poland, Economic Institute, ul. Świętokrzyska 11/21, Warsaw 00-919, Poland.)

Inflation perceived by consumers may differ from official statistics due to different baskets of goods and services both variables refer to. Consumers may be substantially influenced by prices of frequent purchases. Such an effect was noted in some European countries at the time of the launch of the euro. This study tests the relationship between price changes of different baskets of goods and services and consumer inflation perception in Poland. A relatively fast increase in prices of frequently purchased products characterised the period of Polish accession to the European Union, which offers a good basis for analysing its impact on inflation perception. Comparative Economic Studies (2009) 51, 100–117. doi:10.1057/ces.2008.21

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Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 51 (2009)
Issue (Month): 1 (March)
Pages: 100-117

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Handle: RePEc:pal:compes:v:51:y:2009:i:1:p:100-117
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  1. Tomasz Lyziak & Ewa Stanislawska, 2006. "Consumer inflation expectations Survey questions and quantification methods – the case of Poland," National Bank of Poland Working Papers 37, National Bank of Poland, Economic Institute.
  2. Luis J. Álvarez & Pilar Cuadrado Salinas & Javier Jareño & Isabel Sánchez García, 2004. "El impacto de la puesta en circulación del euro sobre los precios de consumo," Banco de Espa�a Occasional Papers 0404, Banco de Espa�a.
  3. Carlson, John A & Parkin, J Michael, 1975. "Inflation Expectations," Economica, London School of Economics and Political Science, vol. 42(166), pages 123-38, May.
  4. Tomasz Lysiak, 2005. "Inflation Targeting and Consumer Inflation Expectations in Poland: A Success Story?," Journal of Business Cycle Measurement and Analysis, OECD Publishing,Centre for International Research on Economic Tendency Surveys, vol. 2005(2), pages 185-212.
  5. Manfred Fluch & Helmut Stix, 2005. "Perceived Inflation in Austria – Extent, Explanations, Effects," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 22–47.
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