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Price Changes in Finland: Some Evidence from the Micro CPI data

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  • Samu Kurri

    (Bank of Finland)

Abstract

This paper studies the adjustment patterns of Finnish Consumer Price Index (CPI) from the following perspectives. First, we examine how the adjustment patterns have changed from late 1990s to mid 2000s. We find significant differences in the price adjustment patterns both over time and between item subgroups. Second, we examine the relative importance of time and state dependent pricing elements found in the Finnish CPI data. Our empirical findings are consistent with a time dependent pricing model, although we find some signs of state dependent pricing behaviour as well.

Suggested Citation

  • Samu Kurri, 2009. "Price Changes in Finland: Some Evidence from the Micro CPI data," Finnish Economic Papers, Finnish Economic Association, vol. 22(2), pages 47-62, Autumn.
  • Handle: RePEc:fep:journl:v:22:y:2009:i:2:p:47-62
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D39 - Microeconomics - - Distribution - - - Other
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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