Price adjustments and inflation - evidence from Norwegian consumer price data 1975-2004

Fredrik Wulfsberg

No 2009/11, Working Paper from Norges Bank

Abstract: I document price adjustments in both high and low inflation years from 14 milllion monthly price observations of 1,133 goods and services. The variation in the frequency of price changes explains all the variation in the inflation rate. On average, prices increase more often when inflation is high, and decrease more often when inflation is low. There is also substantial variation both in the duration and size of price changes within and between items.

Keywords: Consumer prices; price rigidity (search for similar items in EconPapers)
JEL-codes: C2 D40 E31 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2009-06-24
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:bno:worpap:2009_11

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