This paper documents five stylised facts relating to price adjustment in the euro area, using various micro price datasets collected in a period with relatively low and stable inflation. First, price changes are infrequent in the core sectors. On average, 12% of consumer prices change each...

E-commerce has become more prevalent throughout Europe in the last decade. The coronavirus (COVID-19) pandemic accelerated this trend, particularly in the retail sector. This paper focuses on the implications of increasing business-to-consumer ecommerce for prices and inflation in the euro area....

Hungary has a history of high inflation rates. After the transformation period inflation reached up to 35% in the early 1990ies. Since then, economic policy measures contributed to signifi-cantly lower inflation and during the mid-2010s it was even close to zero. Inflation rates have begun to...