The Harmonised Index of Consumer Prices (HICP) currently only includes rentals for housing (paid by tenants) and auxiliary housing expenditures (paid by both tenants and owners). The inclusion of an item for owner-occupied housing (OOH) would be desirable for both representativeness and...

We analyse differences in inflation rates between poor and rich households that arise from heterogeneity in household consumption baskets. Over the 1996 – 2020 period, inflation differences by income are small. From 2020 on, inflation has been about 3pp higher at the bottom of the income...

This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices in Norway. The framework combines quantile regressions using a broad set of uncertainty indicators with a skewed t-distribution, allowing for time-variation and asymmetry in the...