January 2012: How frequently do firms make very small adjustments to their prices?
Out of every 20 price changes you make, roughly how many are adjustments of less than 1 percent?
| Number of responses |
0 | 1-2 | 3-5 | 6-10 | 11-15 | 16-20 | N/A |
|---|---|---|---|---|---|---|---|
| 161 | 35% | 14% | 13% | 15% | 6% | 9% | 9% |
The results were mixed. A significant share (35 percent) of firms indicated that they do not make very small price adjustments. However, for a significant minority of businesses, small price adjustments were common.