Price change frequency upped inflation post-Covid – study
Size of individual changes had same effect on overall prices as during normal times, ECB paper finds
Peak inflation in 2021–23 would have been almost one percentage point lower had the frequency of price changes not increased alongside their size, a new paper from the European Central Bank finds.
Erwan Gautier and his fellow economists at the ECB examined around 190 million data points from between 2021 and 2024 to understand how the frequency of price changes contributed to inflation in the eurozone. They published their results on February 9.
The authors find that the monthly frequency of price
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