Price setting in Hungary - A store-level analysis

Péter Gábriel; Ádám Reiff

doi:10.1002/mde.1479

Price setting in Hungary - A store-level analysis

Péter Gábriel
, Ádám Reiff^*

^*Corresponding author for this work

Hungarian National Bank

Research output: Contribution to journal › Article › peer-review

Abstract (may include machine translation)

This paper uses Hungarian micro-CPI data between December 2001 and June 2007 to provide descriptive statistics of store-level pricing practices in Hungary. First we present simple descriptive statistics about the frequency and average size of price changes, and compare it with similar statistics from other countries. Then we decompose the observed variations in the inflation rate to variations in frequencies and sizes. Finally, we estimate the inflation effects of three general VAT-rate changes during our sample period.

Original language	English
Pages (from-to)	161-176
Number of pages	16
Journal	Managerial and Decision Economics
Volume	31
Issue number	2-3
DOIs	https://doi.org/10.1002/mde.1479
State	Published - Mar 2010
Externally published	Yes

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title = "Price setting in Hungary - A store-level analysis",

abstract = "This paper uses Hungarian micro-CPI data between December 2001 and June 2007 to provide descriptive statistics of store-level pricing practices in Hungary. First we present simple descriptive statistics about the frequency and average size of price changes, and compare it with similar statistics from other countries. Then we decompose the observed variations in the inflation rate to variations in frequencies and sizes. Finally, we estimate the inflation effects of three general VAT-rate changes during our sample period.",

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AB - This paper uses Hungarian micro-CPI data between December 2001 and June 2007 to provide descriptive statistics of store-level pricing practices in Hungary. First we present simple descriptive statistics about the frequency and average size of price changes, and compare it with similar statistics from other countries. Then we decompose the observed variations in the inflation rate to variations in frequencies and sizes. Finally, we estimate the inflation effects of three general VAT-rate changes during our sample period.

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Price setting in Hungary - A store-level analysis

Abstract (may include machine translation)

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