{"id":107516,"date":"2024-01-22T15:13:54","date_gmt":"2024-01-22T14:13:54","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/107516\/"},"modified":"2024-11-07T03:20:27","modified_gmt":"2024-11-07T02:20:27","slug":"der-verbraucherpreisindex-als-deflationsindikator","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/","title":{"rendered":"The Consumer Price Index as a Deflation Indicator"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-107516","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Throughout most of the post-war period, the fight against inflation was one of the most important tasks of economic policymakers. For some months now, with ample spare capacity in major advanced industrial countries and inflation receding in the wake of the fall of oil prices, some commentators worry more about deflation than inflation, and draw parallels to the Great Depression. If inflation is defined as a persistent rise in the aggregated price level, then deflation can be defined as a persistent decline in the price level. For analytical purposes, however, it is useful to distinguish between the determinants of a decline in prices: supply-side and demand-side shocks. As a rule, supply-side shocks (a rapid increase in labour productivity or a fall in raw material prices) can easily be absorbed by the economy, because such shocks normally result in increases in output and real wages. Unexpected weakness in demand may, however, result in a serious underutilisation of labour and capital.","onlinedate":"2003-07-17 02:00:00","lang":"German","publication_series":"","publication_date":"20030701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":317001,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"76","monthly_report_pages":"501-513","monthly_report_pages_sort":"501","issue":"7","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3510],"collaboration":"","persons":[3797],"persons_data":"[{\"personId\":3797,\"personName\":\"Wolfgang Pollan\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pollan, W.<\\\/span> (2003). <span>Der Verbraucherpreisindex als Deflationsindikator<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>76<\\\/em>(7), 501-513. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24414\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/24414<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pollan W<\\\/span>. <span class=\\\"title\\\"><span>Der Verbraucherpreisindex als Deflationsindikator<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2003 Jul;76(7):501-513.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{c5ed326af1b346a68aa966b4524c437e,<\\\/div><div>  title    = \\\"Der Verbraucherpreisindex als Deflationsindikator\\\",<\\\/div><div>  abstract = \\\"Das Sinken der Preise in einigen asiatischen L{\\\\\\\"a}ndern sowie das Stocken des Wirtschaftswachstums in den Industriel{\\\\\\\"a}ndern l{\\\\\\\"o}sten eine Diskussion dar{\\\\\\\"u}ber aus, ob auch in den Industriel{\\\\\\\"a}ndern eine Deflation drohe. In der {\\\\\\\"o}ffentlichen Diskussion wird Deflation {\\\\\\\"u}blicherweise als Verfall der Verbraucherpreise definiert. Der vorliegende Beitrag geht der Frage nach, wieweit der Verbraucherpreisindex, dessen Aufgabe es ist, Ver{\\\\\\\"a}nderungen des Lebensstandards zu messen, ein geeigneter Indikator f{\\\\\\\"u}r gesamtwirtschaftliche Nachfrageschocks sein kann.\\\",<\\\/div><div>  keywords = \\\"Deflation; Deflationsindikator; Verbraucherpreisindex; Ungleichgewicht; {\\\\\\\"O}sterreich; Inflation\\\",<\\\/div><div>  author   = \\\"Wolfgang Pollan\\\",<\\\/div><div>  note     = \\\"Deflationsindikator\\\",<\\\/div><div>  year     = \\\"2003\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"76\\\",<\\\/div><div>  pages    = \\\"501--513\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Der Verbraucherpreisindex als Deflationsindikator<\\\/p><p>AU  - Pollan, Wolfgang<\\\/p><p>N1  - Deflationsindikator<\\\/p><p>PY  - 2003\\\/7<\\\/p><p>Y1  - 2003\\\/7<\\\/p><p>N2  - Das Sinken der Preise in einigen asiatischen L\u00e4ndern sowie das Stocken des Wirtschaftswachstums in den Industriel\u00e4ndern l\u00f6sten eine Diskussion dar\u00fcber aus, ob auch in den Industriel\u00e4ndern eine Deflation drohe. In der \u00f6ffentlichen Diskussion wird Deflation \u00fcblicherweise als Verfall der Verbraucherpreise definiert. Der vorliegende Beitrag geht der Frage nach, wieweit der Verbraucherpreisindex, dessen Aufgabe es ist, Ver\u00e4nderungen des Lebensstandards zu messen, ein geeigneter Indikator f\u00fcr gesamtwirtschaftliche Nachfrageschocks sein kann.<\\\/p><p>AB  - Das Sinken der Preise in einigen asiatischen L\u00e4ndern sowie das Stocken des Wirtschaftswachstums in den Industriel\u00e4ndern l\u00f6sten eine Diskussion dar\u00fcber aus, ob auch in den Industriel\u00e4ndern eine Deflation drohe. In der \u00f6ffentlichen Diskussion wird Deflation \u00fcblicherweise als Verfall der Verbraucherpreise definiert. Der vorliegende Beitrag geht der Frage nach, wieweit der Verbraucherpreisindex, dessen Aufgabe es ist, Ver\u00e4nderungen des Lebensstandards zu messen, ein geeigneter Indikator f\u00fcr gesamtwirtschaftliche Nachfrageschocks sein kann.<\\\/p><p>KW  - Deflation; Deflationsindikator; Verbraucherpreisindex; Ungleichgewicht; \u00d6sterreich; Inflation<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 76<\\\/p><p>SP  - 501<\\\/p><p>EP  - 513<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Consumer Price Index as a Deflation Indicator - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Consumer Price Index as a Deflation Indicator\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T02:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107516\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107516\\\/\",\"name\":\"The Consumer Price Index as a Deflation Indicator - WIFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\"},\"datePublished\":\"2024-01-22T14:13:54+00:00\",\"dateModified\":\"2024-11-07T02:20:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107516\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107516\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/107516\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Consumer Price Index as a Deflation Indicator\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\"},\"alternateName\":\"WIFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#organization\",\"name\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"alternateName\":\"WIFO\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"contentUrl\":\"https:\\\/\\\/www.wifo.ac.at\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/WIFO_kurz_rechts-2-1920x412.jpg\",\"width\":2000,\"height\":429,\"caption\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/WIFOat\\\/\",\"https:\\\/\\\/x.com\\\/WIFOat\",\"https:\\\/\\\/linkedin.com\\\/company\\\/wifoat\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@WIFO_at\"],\"description\":\"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.\",\"email\":\"office@wifo.ac.at\",\"telephone\":\"+43 1 798 26 01 \u2013 0\",\"legalName\":\"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung\",\"foundingDate\":\"1927-01-02\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"},\"publishingPrinciples\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/mission-und-strategie\\\/\",\"ownershipFundingInfo\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/organisation\\\/\",\"actionableFeedbackPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/aktuelles\\\/presse\\\/\",\"correctionsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/kontakt\\\/\",\"ethicsPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/evidenzbasierung-transparenz-und-unabhaengigkeit\\\/\",\"diversityPolicy\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\",\"diversityStaffingReport\":\"https:\\\/\\\/www.wifo.ac.at\\\/institut\\\/gleichstellung\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Consumer Price Index as a Deflation Indicator - WIFO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/","og_locale":"en_US","og_type":"article","og_title":"The Consumer Price Index as a Deflation Indicator","og_url":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/","og_site_name":"WIFO","article_publisher":"https:\/\/www.facebook.com\/WIFOat\/","article_modified_time":"2024-11-07T02:20:27+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@WIFOat","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/","url":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/","name":"The Consumer Price Index as a Deflation Indicator - WIFO","isPartOf":{"@id":"https:\/\/www.wifo.ac.at\/en\/#website"},"datePublished":"2024-01-22T14:13:54+00:00","dateModified":"2024-11-07T02:20:27+00:00","breadcrumb":{"@id":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wifo.ac.at\/en\/publication\/107516\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.wifo.ac.at\/en\/publication\/107516\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.wifo.ac.at\/en\/"},{"@type":"ListItem","position":2,"name":"The Consumer Price Index as a Deflation Indicator"}]},{"@type":"WebSite","@id":"https:\/\/www.wifo.ac.at\/en\/#website","url":"https:\/\/www.wifo.ac.at\/en\/","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","description":"","publisher":{"@id":"https:\/\/www.wifo.ac.at\/en\/#organization"},"alternateName":"WIFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wifo.ac.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wifo.ac.at\/en\/#organization","name":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","alternateName":"WIFO","url":"https:\/\/www.wifo.ac.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","contentUrl":"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO_kurz_rechts-2-1920x412.jpg","width":2000,"height":429,"caption":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung"},"image":{"@id":"https:\/\/www.wifo.ac.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WIFOat\/","https:\/\/x.com\/WIFOat","https:\/\/linkedin.com\/company\/wifoat\/","https:\/\/www.youtube.com\/@WIFO_at"],"description":"Das WIFO, 1927 von Friedrich August von Hayek und Ludwig von Mises zur Konjunkturanalyse gegr\u00fcndet, ist heute das f\u00fchrende Institut f\u00fcr angewandte empirische Wirtschaftsforschung in \u00d6sterreich mit starkem Engagement auf europ\u00e4ischer Ebene.","email":"office@wifo.ac.at","telephone":"+43 1 798 26 01 \u2013 0","legalName":"\u00d6sterreichisches Institut f\u00fcr Wirtschaftsforschung","foundingDate":"1927-01-02","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"},"publishingPrinciples":"https:\/\/www.wifo.ac.at\/institut\/mission-und-strategie\/","ownershipFundingInfo":"https:\/\/www.wifo.ac.at\/institut\/organisation\/","actionableFeedbackPolicy":"https:\/\/www.wifo.ac.at\/aktuelles\/presse\/","correctionsPolicy":"https:\/\/www.wifo.ac.at\/institut\/kontakt\/","ethicsPolicy":"https:\/\/www.wifo.ac.at\/institut\/evidenzbasierung-transparenz-und-unabhaengigkeit\/","diversityPolicy":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/","diversityStaffingReport":"https:\/\/www.wifo.ac.at\/institut\/gleichstellung\/"}]}},"_links":{"self":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/107516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/types\/publication"}],"version-history":[{"count":1,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/107516\/revisions"}],"predecessor-version":[{"id":316993,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication\/107516\/revisions\/316993"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/person\/3797"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/research_group\/3510"},{"embeddable":true,"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/publication_type\/44312"}],"wp:attachment":[{"href":"https:\/\/www.wifo.ac.at\/en\/wp-json\/wp\/v2\/media?parent=107516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}