Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153086
Authors: 
Hoffmann, Johannes
Kurz-Kim, Jeong-Ryeol
Year of Publication: 
2006
Series/Report no.: 
ECB Working Paper 652
Abstract: 
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and statedependent price adjustment. Most importantly, the differences in “unconditional” sectoral price flexibility are found to be linked to input price volatility.
Subjects: 
consumer price index
Germany
price flexibility
price rigidity
JEL: 
E31
D43
L11
Document Type: 
Working Paper

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