Scandinavian Working Papers in Economics

Discussion Paper Series in Economics,
Norwegian School of Economics, Department of Economics

No 26/2018: A continuous consumer price index for Norway 1492-2017

Ola Honningdal Grytten ()
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Ola Honningdal Grytten: Dept. of Economics, Norwegian School of Economics and Business Administration, Postal: NHH , Department of Economics, Helleveien 30, N-5045 Bergen, Norway

Abstract: This manuscript presents a new combined annual cost of living and consumer price index for Norway covering the period 1492-2017. When previous Norwegian historical consumer price indices partly were constructed on the basis of very limited data, the new historical index is constructed on a significantly richer data material. This is made possible by the compilation of quantitative data from numerous sources, mostly originating from the eighteenth, nineteenth and early twentieth century.The new index makes it possible to follow annual living costs in Norway for 525 years. When comparing to existing price indices the new series reveals that it is needed to make some major revisions of Norwegian price history.

Keywords: Price index; price history; purchasing power parity; economic history

JEL-codes: E31; N13; N14; N24; N34

169 pages, November 28, 2018

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