search query: @indexterm CONSUMER PRICE INDEX / total: 34
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| Author: | Larsen, E. R. |
| Title: | Does the CPI mirror the cost of living? Engel's law suggest not in Norway |
| Journal: | Scandinavian Journal of Economics
2007 : VOL. 109:1, p. 177-195 |
| Index terms: | consumer price index cost of living incomes inflation |
| Language: | eng |
| Abstract: | In identifying the magnitude of the difference between increases in the CPI and the cost of living is considerable interest. In this article, the techniques proposed by hamilton (2001) to measure this discrepancy is used and extended for Norway in the 1990s. The results show that the Norwegian CPI rose by 22 percent, but a typical household behaved as if the cost of living had increased by 35 percent and for some household types, the increase was substantially larger. |
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