Tables 1 and 2 below are drawn from the article by Bunn P,. Ellis C., (2012), “How do individual UK producer prices behave?”, The Economic Journal, 122, 558, F16 – F34 The aim of the research is to investigate the frequency with which UK producer prices change. In order to carry out their investigation the researchers use microdata that underpin the UK Producer Prices Index collected each month by the Office for National Statistics.Why is this research of interest for macroeconomists in general and UK policy makers in particular? Table 1. Distribution of number of months between UK producer prices change per itemPercentage of Items1411210-2-0≥1 and <2≥3 and <4HA25 and <6≥7 and <8≥9 and <10≥11 and <12≥13 and <14≥15 and <16≥17 and <18≥19 and <20≥21 and <22≥23 and <24Table 2. Percentage of producer prices that change each month by product groupAll changes (UK) Increases (UK) Decreases (UK)86.927.113.115.625.418.8Energy productsConsumer food productsConsumer non-food non-durablesConsumer durablesIntermediate goodsCapital goodsNote. Euro-area data are taken from Vermeulen et al. (2007).56.315.27.69.515.211.030.612.05.56.110.27.8All changes(euro area)2211297210

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Tables 1 and 2 below are drawn from the article by Bunn P,. Ellis C., (2012), “How do individual UK producer prices behave?”, The Economic Journal, 122, 558, F16 – F34

The aim of the research is to investigate the frequency with which UK producer prices change. In order to carry out their investigation the researchers use microdata that underpin the UK Producer Prices Index collected each month by the Office for National Statistics.

Why is this research of interest for macroeconomists in general and UK policy makers in particular?

Table 1. Distribution of number of months between UK producer prices change per item
Percentage of Items
141
12
10-
2-
0
≥1 and <2
≥3 and <4
HA
25 and <6
≥7 and <8
≥9 and <10
≥11 and <12
≥13 and <14
≥15 and <16
≥17 and <18
≥19 and <20
≥21 and <22
≥23 and <24
Table 2. Percentage of producer prices that change each month by product group
All changes (UK) Increases (UK) Decreases (UK)
86.9
27.1
13.1
15.6
25.4
18.8
Energy products
Consumer food products
Consumer non-food non-durables
Consumer durables
Intermediate goods
Capital goods
Note. Euro-area data are taken from Vermeulen et al. (2007).
56.3
15.2
7.6
9.5
15.2
11.0
30.6
12.0
5.5
6.1
10.2
7.8
All changes
(euro area)
221129
72
10

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