The seminar will be held in the Visitor Centre at 3 pm.
Abstract
This paper uses Hungarian micro CPI data between December 2001 and June 2007 to provide descriptive statistics of store-level pricing practices in Hungary. First we present the frequency and average size of price changes, the duration distribution of price spells and calculate mean durations for different product categories. Then we decompose the observed variations in the inflation rate to variations in frequencies and sizes. Finally we estimate the inflation effects of three general VAT-rate changes
during our sample period