Prices & Costs
- Current Position
- 5 August 2021
- ECONOMIC BULLETIN - BOXRecent developments in pipeline pressures for non-energy industrial goods inflation in the euro areaEconomic Bulletin Issue 5, 2021Details
- The recent marked increases in the cost of commodities, raw materials and intermediate products have so far led to only limited upward pressures on consumer goods inflation. Looking ahead, upward pressures on non-energy industrial goods (NEIG) inflation from recent global developments in these input costs are expected to strengthen, as the pass-through generally takes more than one year. How visible and strong the impact on NEIG inflation might be will depend on how persistent the global input cost shocks ultimately are.
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
Q02 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→General→Global Commodity Markets
D12 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Empirical Analysis
- 4 February 2021
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 1, 2021Details
- This box analyses the developments in prices for travel-related services across items and across euro area countries. The purpose is to clarify the extent to which there are commonalities when it comes to explaining the sharp drop in travel-related services inflation.
- JEL Code
- E32 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Business Fluctuations, Cycles
- 14 May 2020
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 3, 2020Details
- In this box we review price measurement issues that can arise in times of economic distress. First, we discuss how consumers’ substitution across items in the face of an economic downturn can drive a wedge between published statistics and household consumption prices. We present some evidence from previous recessions along with the historical weights of the aggregated HICP. Second, we discuss additional challenges generated by the ongoing Coronavirus outbreak. Lastly, we discuss possible implications for policymakers.
- JEL Code
- E2 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy
E3 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles
E4 : Macroeconomics and Monetary Economics→Money and Interest Rates