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Consumer price indices for the Scandinavian countries 1815-1913

Grytten, Ola Honningdal
Working paper
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URI
http://hdl.handle.net/11250/162824
Date
2003-07
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  • Discussion papers (SAM) [640]
Abstract
The present article examines consumer price development in the three Scandinavian

countries, Denmark, Norway and Sweden, 1815-1913. A consumer price index (CPI)

is constructed for Norway. It is based on consumer prices for up to nine consumption

groups and 47 commodities in 40 Norwegian cities and towns. With only a few

exceptions, the price data are culled from the Ingvar Wedervang Archive on prices

and Wages kept at the Norwegian School of Economics and Business Administration

in Bergen.

The CPI for Norway is compared to corresponding CPIs for Denmark and

Sweden. We trace high conformity in price waves between the countries. This can

partly be explained by their imports of similar commodities, and partly by their heavy

dependence on agriculture, where similar climatic fluctuations gave conformity in

price movements for primary products. Finally, the significant correlation of prices

gives an indication of surprisingly high integration of the inter-Scandinavian markets.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2003:12

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