Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period … 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …