Pricing in Inflationary Times-the Penny Drops Warwick Economic Research Papers Department of Economics Pricing in Inflationary Times-the Penny Drops*

Abstract

We investigate micro pricing behaviour in groceries (the UK’s most important consumer market) over eight years including the inflationary period of early 2008. We find behaviour sharply distinguished from most previous work, namely that overall basket prices rise but more individual prices fall than rise! This is consistent with retailers obscuring the fact… (More)

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