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.

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Year of publication:	2009-06-24
Authors:	Wulfsberg, Fredrik
Institutions:	Norges Bank
Subject:	Consumer prices \| price rigidity

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Series:	Working Paper.
Type of publication:	Book / Working Paper
Notes:	Number 2009/11 36 pages
Classification:	E31 - Price Level; Inflation; Deflation ; D40 - Market Structure and Pricing. General ; C2 - Econometric Methods: Single Equation Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004979254