Gautier, Erwan; Karadi, Peter; Amann, Jurgen; … - 2023
sectors. On average, 12% of consumer prices change each month, falling to 8.5% when sales prices are excluded. The frequency … flexible. For both consumer and producer prices, cross-sectoral heterogeneity is more pronounced than cross …-country heterogeneity. Second, price changes tend to be large and heterogeneous. For consumer prices, the typical absolute price change is …