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040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
0861 |aFB3-5/2024-31E-PDF
1001 |aCavallo, Alberto, |eauthor.
24510|aPrice discounts and cheapflation during the post-pandemic inflation surge / |cby Alberto Cavallo and Oleksiy Kryvtsov.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024.
264 4|c©2024
300 |a1 online resource (ii, 31, 20 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-31
500 |aISSN assigned to different series.
500 |a"Last updated: August 16, 2024."
504 |aIncludes bibliographical references.
5203 |a"We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in 10 countries between 2018 and 2024. Measuring unit prices within narrowly defined product categories, we analyze two key sources of variation in prices within a store: temporary price discounts and differences across similar products. Price changes associated with discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast, cheapflation—a faster rise in prices of cheaper goods relative to prices of more expensive varieties of the same good—exacerbated it. Using Canadian Homescan Panel data, we estimate that spending on discounts reduced the change in the average unit price by 4.1 percentage points, but expenditure switching to cheaper brands raised it by 2.8 percentage points"--Abstract, page ii.
546 |aIncludes abstracts in English and French.
650 0|aFood prices|xEconometric models.
650 0|aInflation (Finance)|xEconometric models.
650 0|aConsumption (Economics)|xEconometric models.
650 6|aAliments|xPrix|xModèles économétriques.
650 6|aInflation|xModèles économétriques.
650 6|aConsommation (Économie politique)|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2024-31.|w(CaOODSP)9.806221
85640|qPDF|s7.97 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-31-eng.pdf