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Index of Perceived Inflation or EU Consumer Surveys? |
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| Authors: | Johannes Hoffmann Hans-Albert Leifer Andreas Lorenz |
| Institution: | (1) Senior economist, “Macroeconomic Analysis and Projections” Division, Economics Department, Deutsche Bundesbank, Frankfurt/Main, Germany;(2) Head of the “General Economic, Capital Markets and Financial Statement Statistics” Division, Statistics Department, Deutsche Bundesbank, Frankfurt/Main, Germany;(3) Member of staff, “General Economic, Capital Markets and Financial Statement Statistics” Division, Statistics Department, Deutsche Bundesbank, Frankfurt/Main, Germany |
| Abstract: | After the euro changeover at the beginning of 2002, a marked discrepancy emerged between perceived inflation and inflation
as measured by the consumer price index. To what extent are consumers still overestimating price developments even now? How
reliably is this phenomenon measured by the “Index of perceived inflation” developed by Professor Brachinger? What are the
findings of the consumer surveys conducted on behalf of the European Commission?
This article represents the personal opinions of the authors and does not necessarily reflect the views of the Deutsche Bundesbank. |
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