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Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?

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  • Tomasz Łyziak

    (National Bank of Poland, Economic Institute, ul. Świętokrzyska 11/21, Warsaw 00-919, Poland.)

Abstract

Inflation perceived by consumers may differ from official statistics due to different baskets of goods and services both variables refer to. Consumers may be substantially influenced by prices of frequent purchases. Such an effect was noted in some European countries at the time of the launch of the euro. This study tests the relationship between price changes of different baskets of goods and services and consumer inflation perception in Poland. A relatively fast increase in prices of frequently purchased products characterised the period of Polish accession to the European Union, which offers a good basis for analysing its impact on inflation perception. Comparative Economic Studies (2009) 51, 100–117. doi:10.1057/ces.2008.21

Suggested Citation

  • Tomasz Łyziak, 2009. "Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 51(1), pages 100-117, March.
    • Handle: RePEc:pal:compes:v:51:y:2009:i:1:p:100-117
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    References listed on IDEAS

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    1. Tomasz Lysiak, 2006. "Inflation Targeting and Consumer Inflation Expectations in Poland: A Success Story?," Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2005(2), pages 185-212.
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    5. Tomasz Lyziak & Ewa Stanislawska, 2006. "Consumer inflation expectations Survey questions and quantification methods – the case of Poland," NBP Working Papers 37, Narodowy Bank Polski.
    6. Luis J. Álvarez & Pilar Cuadrado Salinas & Javier Jareño & Isabel Sánchez García, 2004. "El impacto de la puesta en circulación del euro sobre los precios de consumo," Occasional Papers 0404, Banco de España.
    7. repec:bla:econom:v:42:y:1975:i:166:p:123-38 is not listed on IDEAS
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    Cited by:

    1. Ewa Stanisławska, 2019. "Consumers’ Perception of Inflation in Inflationary and Deflationary Environment," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 15(1), pages 41-71, April.
    2. Josef C. Brada & Jan KubÃ­Ä ek & Ali M. Kutan & Vladimír Tomšík, 2015. "Inflation Targeting: Insights from Behavioral Economics," Eastern European Economics, Taylor & Francis Journals, vol. 53(5), pages 357-376, September.
    3. Tomasz Lyziak, 2014. "Inflation expectations in Poland, 2001–2013. Measurement and macroeconomic testing," NBP Working Papers 178, Narodowy Bank Polski.
    4. Jan Hagemejer & Zbigniew Żółkiewski, 2013. "Short-run impact of the implementation of EU climate and energy package for Poland: computable general equilibrium model simulations," Bank i Kredyt, Narodowy Bank Polski, vol. 44(3), pages 237-260.
    5. Aleksandra Halka & Tomasz Lyziak, 2013. "Index of perceived in ation in Poland," EcoMod2013 5595, EcoMod.

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