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Measuring inflation in Slovenia using online prices

Samo Remec (2018) Measuring inflation in Slovenia using online prices. EngD thesis.

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    In this thesis we measure price inflation with prices from online retailers. First, we explain what inflation is and how it is measured in practice. Then we summarise the work of current projects which use this technique. In the second part we explain our approach to collecting data. We describe all the technology used and all the problems we encountered. In the last part we compare our results with official inflation measures. About half of the individual categories match nicely with the official price index, the other half not so much. In the observed period the total price index seems to match nicely. We also found that retailers change between 0.8 % and 1.1 % prices every day. Implicit price spell duration is therefore between 91 and 125 days, which is considerably longer than results from existing studies in Europe, USA and South America. Average price change from the same retailers was large (-21.2 % and 26.5 %) and about the same as in the USA.

    Item Type: Thesis (EngD thesis)
    Keywords: inflation, economics, price statistics.
    Number of Pages: 55
    Language of Content: Slovenian
    Mentor / Comentors:
    Name and SurnameIDFunction
    izr. prof. dr. Damjan Vavpotič286Mentor
    Link to COBISS: http://www.cobiss.si/scripts/cobiss?command=search&base=51012&select=(ID=1537917123)
    Institution: University of Ljubljana
    Department: Faculty of Computer and Information Science
    Item ID: 4227
    Date Deposited: 13 Sep 2018 19:01
    Last Modified: 24 Sep 2018 09:57
    URI: http://eprints.fri.uni-lj.si/id/eprint/4227

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