Price setting in the euro area: insights from the PRISMA research network

Article published in the Economic Review of 2022

In the euro area, on average, 12 % of consumer prices change in any given month. Price adjustments often take place in January. The frequency and size of price changes vary greatly from one sector to another, whereas differences between countries are much smaller. The analysis is based on the findings of the European research network PRISMA (Price‑Setting Microdata Analysis Network), which considers detailed price data. The article also examines producer prices and price setting in 2020, the year in which the pandemic started.

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Since 2019, the articles from the Economic Review are published in French and Dutch in the form of digests, their full version being available only in English.