Table 1: Descriptive statistics for the “food”, “bread and cereals”, “meat”, and “vegetables” inflation rates.

AustriaBelgiumFinlandFranceGermanyGreeceIrelandItalyLuxembourgThe NetherlandsPortugalSpain

FoodM * 0.0190.0230.0160.0190.0120.0310.0200.0170.0250.0170.0170.027
SD*0.0210.0200.0340.0200.0240.0250.0180.0350.0160.0290.0280.025

Bread and cerealsM 0.0230.0290.0150.0180.0140.0400.0210.0220.0270.0160.0300.030
SD0.0250.0260.0270.0160.0210.0310.0380.0240.0180.0210.0300.025

MeatM 0.0160.0200.0090.0210.0110.0270.0100.0180.0210.0150.0100.025
SD0.0220.0180.0390.0220.0270.0180.0400.0180.0180.0290.0350.032

VegetablesM 0.0160.0240.0170.0220.0060.0290.0180.0250.0280.0290.0320.038
SD0.0500.0860.0790.0570.0650.1140.0790.0410.0490.0830.1220.044

* M and SD stand for mean and standard deviation, respectively.
**The numbers in parenthesis indicate the relevance ranking for each country in the specific group.