In the literature of economics the hypothesis which implies the positive relationship between inflation rate and relative price variability is called the variability hypothesis The purpose of this study is to investigate the validity of the variability hypothesis separately for each one of the expenditure groups and cities in Turkey Relative price variability for each of the expenditure groups and cities is constructed by using the consumer price index of ten expenditure groups in nineteen cities In addition in this study we used weight to compose inflation rate and relative price variability In creating weigths we utilized consumption expenditure of ten expenditure groups in nineteen cities in 1994 Statistical analysis which was done between the inflation rate and the relative price variability for period 1994 2004 has demonstrated the positive and significant statistical relationship for each of the expenditure groups and cities Keywords: Variability Hypothesis Inflation Rate Relative Price Variability
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