Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 369198
Title How is perceived inflation related to actual price changes in the European Union?
Author(s) Antonides, G.
Source Journal of Economic Psychology 29 (2008)4. - ISSN 0167-4870 - p. 417 - 432.
Department(s) Economics of Consumers and Households Group
Publication type Refereed Article in a scientific journal
Publication year 2008
Keyword(s) past prices - psychophysics - perceptions - uncertainty - psychology - choice
Abstract We analyze for which types of consumer expenditures the rate of price change influences consumer perception of inflation. We use both harmonized consumer price indices (HCPI) and series of perceived inflation from Eurostat in the 1996¿2006 time period for 13 European countries. After removing substantial autocorrelation, we found a significant effect of the rate of overall price change on perceived inflation in the EU as a whole and a number of individual countries, supporting Fechner¿s law. However, in different countries different consumer item categories were correlated with perceived inflation
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