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Some evidence on the adjustment of producer prices

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Abstract
We document producer price adjustment using a low-inflation micro price dataset. On average 24% of prices adjust each month, with an average increase/decrease of 6%. Producer prices adjust more frequently than consumer prices, but their size of adjustment is typically smaller. Sectoral heterogeneity in the frequency of price adjustment is strongly related to heterogeneity in the cost structure. Fluctuations in aggregate producer price inflation occur to a large extent through variation in the relative share of upward and downward price adjustment.
Keywords
producer prices, RIGIDITY, price adjustment, INFLATION, COSTS

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Citation

Please use this url to cite or link to this publication:

Chicago
Cornille, David, and Maarten Dossche. 2008. “Some Evidence on the Adjustment of Producer Prices.” Scandinavian Journal of Economics 110 (3): 489–518.
APA
Cornille, D., & Dossche, M. (2008). Some evidence on the adjustment of producer prices. SCANDINAVIAN JOURNAL OF ECONOMICS, 110(3), 489–518.
Vancouver
1.
Cornille D, Dossche M. Some evidence on the adjustment of producer prices. SCANDINAVIAN JOURNAL OF ECONOMICS. 2008;110(3):489–518.
MLA
Cornille, David, and Maarten Dossche. “Some Evidence on the Adjustment of Producer Prices.” SCANDINAVIAN JOURNAL OF ECONOMICS 110.3 (2008): 489–518. Print.
@article{819668,
  abstract     = {We document producer price adjustment using a low-inflation micro price dataset. On average 24\% of prices adjust each month, with an average increase/decrease of 6\%. Producer prices adjust more frequently than consumer prices, but their size of adjustment is typically smaller. Sectoral heterogeneity in the frequency of price adjustment is strongly related to heterogeneity in the cost structure. Fluctuations in aggregate producer price inflation occur to a large extent through variation in the relative share of upward and downward price adjustment.},
  author       = {Cornille, David and Dossche, Maarten},
  issn         = {0347-0520},
  journal      = {SCANDINAVIAN JOURNAL OF ECONOMICS},
  language     = {eng},
  number       = {3},
  pages        = {489--518},
  title        = {Some evidence on the adjustment of producer prices},
  url          = {http://dx.doi.org/10.1111/j.1467-9442.2008.00548.x},
  volume       = {110},
  year         = {2008},
}

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