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Inflation and households’ inflation expectations during the Covid -19 pandemic
[L’inflation et son anticipation par les ménages pendant le Covid-19]

Author

Listed:
  • Erwan Gautier
  • Youssef Ulgazi
  • Paul Vertier

Abstract

During the lockdown, inflation in France fell sharply while households expected a sharp increase. The profound and sudden change in the structure of household consumption and the strong dispersion of price changes for commonly purchased goods (fresh food, fuel) could explain this unprecedented divergence, which is set to narrow. Lors du confinement, l’inflation en France a fortement reculé alors que les ménages anticipaient une nette augmentation. Le changement profond et soudain de la structure de consommation des ménages et la forte dispersion des variations de prix de biens couramment achetés (produits frais, carburants) pourraient expliquer cet écart inédit qui est appelé à se réduire.

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Handle: RePEc:bfr:econot:171
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File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/inflation-and-households-inflation-expectations-during-covid-19-pandemic
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File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/linflation-et-son-anticipation-par-les-menages-pendant-le-covid-19
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