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Index of Perceived Inflation or EU Consumer Surveys?

An Assessment of Professor H. W. Brachinger’s Approach

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Intereconomics

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?

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Authors and Affiliations

  1. Senior economist, “Macroeconomic Analysis and Projections” Division, Economics Department, Deutsche Bundesbank, Frankfurt/Main, Germany

    Johannes Hoffmann

  2. Head of the “General Economic, Capital Markets and Financial Statement Statistics” Division, Statistics Department, Deutsche Bundesbank, Frankfurt/Main, Germany

    Hans-Albert Leifer

  3. Member of staff, “General Economic, Capital Markets and Financial Statement Statistics” Division, Statistics Department, Deutsche Bundesbank, Frankfurt/Main, Germany

    Andreas Lorenz

Authors
  1. Johannes Hoffmann
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  2. Hans-Albert Leifer
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  3. Andreas Lorenz
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This article represents the personal opinions of the authors and does not necessarily reflect the views of the Deutsche Bundesbank.

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Hoffmann, J., Leifer, HA. & Lorenz, A. Index of Perceived Inflation or EU Consumer Surveys?. Intereconomics 41, 142–150 (2006). https://doi.org/10.1007/s10272-006-0176-5

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  • DOI: https://doi.org/10.1007/s10272-006-0176-5

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