A little help on a statistics paper on inflation, in German.
January 2, 2012 12:10 AM Subscribe
I am looking for a little translation help on an inflation statistics paper in German language (look in more inside for the link). This official paper is quite interesting for students of statistics and social students interested in perceived cost of living vs actual cost of living, in Europe as well as in any other country, as it allegedly shows that indeed there were some excessive rouding of prices during the conversion to euro in Germany.
posted by elpapacito to work & money (5 answers total)
While browsing the net I have found this paper (PDF)
from Statistische Bundesamt, via Testosteronepit.com blog. According to the blog:
However, the report confirms a popular suspicion that eating and drinking establishments took advantage of the new euro for the first two years by rounding up. Smaller items—an espresso, for example—could see a jump in price of as much as 100%. Thus, an espresso drinker would perceive a painful level of inflation though espresso has an insignificant weight in the basket of goods. Price increases in restaurants leveled off after the initial spike, and for the decade as a whole, they amounted to only 18%
While I surely am not looking for a full translation, I would appreciate any confirmation of the fact that, indeed, price rounding was excessive and for what goods it was excessive, and by whom the prices were rounded; a translation of that particular part would also be appreciated, as I am trying to substantiate that inflation has affected and is affecting european workers, while wages weren't always kept up with inflation, expecially for buyers of high frequency low cost goods (food, basic necessities, whose demand is quite rigid and price insensible).