[9] Similarly, model-based simulations from the PRISMA network show that, in the euro area, the frequency of price changes increases with the inflation rate – something that we are indeed observing today, with a historically high share of firms expecting to increase their prices over the coming months.
According to these simulations, a material increase in the slope of the Phillips curve may occur if inflation were to stay persistently above a certain threshold for an extended period, once again challenging previous findings. [10]  Conclusion Let me conclude.