Insights gained from the use of online and scanner data have also encouraged the ECB to make micro-price research a strategic research priority between 2018 and 2020.
The first step is to pick up where the Inflation Persistence Network left off, by resuming the collection of micro data underlying the Consumer Price Index and the Producer Price Index and complementing them, where possible, with scanner and online price data.16 Collaboration within the Eurosystem will once again be vital for the success of this ambitious project.