| Title |
Economic drivers of consumer price growth in the EU–27 service industry during the post‑pandemic period / |
| Authors |
Mileris, Ričardas |
| DOI |
10.18778/1508-2008.26.36 |
| Full Text |
|
| Is Part of |
Comparative economic research. Central and Eastern Europe.. Łódź : Łódź University press. 2023, vol. 26, iss. 4, p. 163-186.. ISSN 1508-2008. eISSN 2082-6737 |
| Keywords [eng] |
economics ; inflation ; consumer prices ; services |
| Abstract [eng] |
The post‑pandemic period in the European Union is distinguished by the growth of business economic activity after two years of restrictions, growing debts and money supply, and ex‑ tremely high inflation. This research analyses the Harmonised Index of Consumer Prices (HICP) in the service industries of the EU–27, comparing it to overall inflation and price growth in con‑ sumer goods markets. It also highlights the economic factors that contribute to the differ‑ ences between service price growth in the EU–27. The results make it possible to classify the EU–27 countries according to the differences in service price changes. Consistent patterns of service HICP are highlighted, and the economic factors considering their relative impor‑ tance to service HICP are ranked. Since 2022, public and governmental discussions concern‑ ing the post‑pandemic inflationary shock have become prevalent, so this research allows us to understand the economic factors that caused such huge inflation and substantiates the need for monetary policy measures to slow down inflation. |
| Published |
Łódź : Łódź University press |
| Type |
Journal article |
| Language |
English |
| Publication date |
2023 |
| CC license |
|
