Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/209927 
Year of Publication: 
2009
Series/Report no.: 
Working Paper No. 2009/11
Publisher: 
Norges Bank, Oslo
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.
Subjects: 
consumer prices
price rigidity
JEL: 
C2
D40
E31
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-507-6
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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