This Staff Memo considers some of the available evidence on relative price shocks as a driver of Norwegian inflation … dynamics in high- versus low-inflation regimes. The results suggest that relative price shocks have largely been transient over … the past two-three decades. However, this has been a period of low and stable inflation. Evidence from the 1980s suggest …

Since early 2021, consumer price inflation has risen sharply across the advanced economies, including the US, the euro … area and Denmark. We argue that the surge in inflation in the three economies in 2021-22 reflects multiple factors … 2023-24, at least three factors are likely to drive inflation across the three economies: (a) more stable energy prices, (b …

consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …

including OOH in the HICP to derive a new inflation index. We discuss the conceptual and measurement issues involved …. We show that since 2011 the estimated impact of including OOH in HICP annual inflation, based on either the "net … suggests that including OOH based on the rental equivalence approach decreases the cyclicality of the new inflation index …