This study investigates inflation perceptions, and their relationship with factors likely to affect them, through a survey of a representative sample of Italian consumers. The results show that reported inflation is, on average, much higher than measured by official statistics. Inflation...

This paper investigates the microeconomic behaviour of consumer prices in Italy using the individual price records collected by Istat. We discuss how to analyse price stickiness and we compute a quantitative measure of the unconditional degree of price rigidity. Prices are found to be rather...

Following the euro cash changeover, residents in the area perceived a much sharper increase in prices than the moderate rise recorded in official statistics. The paper shows that in Italy this gap can be explained for the most part by the stronger influence that large, upward, and frequently...