Arbeitspapier

Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004

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.

ISBN
978-82-7553-507-6
Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2009/11

Classification
Wirtschaft
Market Structure, Pricing, and Design: General
Price Level; Inflation; Deflation
Subject
consumer prices
price rigidity

Event
Geistige Schöpfung
(who)
Wulfsberg, Fredrik
Event
Veröffentlichung
(who)
Norges Bank
(where)
Oslo
(when)
2009

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Wulfsberg, Fredrik
  • Norges Bank

Time of origin

  • 2009

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