IDEAS home Printed from https://ideas.repec.org/p/bca/bocsan/24-6.html
   My bibliography  Save this paper

Pricing behaviour and inflation during the COVID-19 pandemic: Insights from consumer prices microdata

Author

Listed:
  • Olga Bilyk
  • Mikael Khan
  • Olena Kostyshyna

Abstract

Using the microdata underlying the Canadian consumer price index, we study how often and by how much firms changed their prices during the COVID-19 pandemic. We find that the surge in inflation was mainly associated with retailers raising prices much more often than before. We also find that more recently, corporate price-setting behaviour appears to be approaching pre-pandemic norms.

Suggested Citation

  • Olga Bilyk & Mikael Khan & Olena Kostyshyna, 2024. "Pricing behaviour and inflation during the COVID-19 pandemic: Insights from consumer prices microdata," Staff Analytical Notes 2024-6, Bank of Canada.
  • Handle: RePEc:bca:bocsan:24-6
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/2024/04/staff-analytical-note-2024-6/
    File Function: Abstract
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Firm dynamics; Inflation and prices; Recent economic and financial developments;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocsan:24-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.