Research Article

Chinese Commodity Price Evidence Study for COVID-19 Shock and Price Stickiness Model Design

Table 2

Statistical description of price change.

Index(1) Price change (%)(2) Adjustment time(3) Price rise (%)(4) Price down (%)

All81.2415.7034.6565.35
Food75.0312.6346.4953.51
Clothing80.1416.9628.8871.12
Residence34.245.4143.9356.07
Household equipment84.7917.3230.8669.14
Transport, post, and telecommunication79.6412.5033.3566.65
Culture, education, and recreation84.7115.3238.7261.28
Medicine and health care74.4511.2639.0360.97
Other goods and services83.1018.7535.5564.45

Notes: Column 1 shows the percentage of observations that have changed prices. Column 2 is the number of price adjustments. Column 3 has the percentage of observations that price is increased during the sample period. Column 4 shows the percentage of observations that price is decreased during the sample period.