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Wholesale and Retail Prices in the Nineteenth Century

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  • Hoover, Ethel D.

Abstract

Today's best-known price indexes for Wholesale Price and Consumer Price Indexesthe Unitedof theStates are the Bureau of Labor Statistics, and the Indexes of Prices Received and Paid by Farmers, issued by the Department of Agriculture. These indexes, however, are comparatively new. The “Wholesale Price Index†dates from 1902 with indexes covering the years 1890-1901. The “Consumer Price Index†is of even more recent origin. Retail food price indexes were established on a regular basis in 1901, again with data back to 1890. Other goods and services were not added until after World War I, with estimates back to 1913 based on special studies in shipbuilding cities. The “Index of Prices Received by Farmers†was issued by the Department of Agriculture in 1924 and “Prices Paid by Farmers†in 1928. Botfi of these series were extended back to 1910.

Suggested Citation

  • Hoover, Ethel D., 1958. "Wholesale and Retail Prices in the Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 18(3), pages 298-316, September.
    • Handle: RePEc:cup:jechis:v:18:y:1958:i:03:p:298-316_10
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    Cited by:

    1. Daniel Kaufmann, 2020. "Is deflation costly after all? The perils of erroneous historical classifications," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(5), pages 614-628, August.
    2. Schultz, T. Paul, 2010. "Population and Health Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4785-4881, Elsevier.
    3. Klovland, Jan Tore, 2014. "Challenges for the construction of historical price indices: The case of Norway, 1777-1920," Discussion Paper Series in Economics 5/2014, Norwegian School of Economics, Department of Economics.

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