BoE paper identifies large variation in UK price behaviour

Bank of England

The probability of price changes is not the same in all periods, and significant heterogeneity exists between the behaviour of prices in different groups of items, according to a Bank of England paper published on Monday.

Philip Bunn and Colin Ellis, the paper's authors, examine the behaviour of individual prices used in the construction of the UK consumer price index. The paper adds to the micro-pricing literature by being the first to make use of this data.

The authors find that on average 19%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account