CPI up 0.3 per cent
The Consumer Price Index (CPI) rose 0.3 per cent from August to September. The year-to-year growth in the CPI was 3.6 per cent in September, down 0.4 percentage points from August.
|Monthly change (per cent)||12-month rate (per cent)||Index|
|August 2016 - September 2016||September 2015 - September 2016||September 2016|
|CPI All-item index||0.3||3.6||145.7|
|Food and non-alcoholic beverages||-0.4||2.6||138.8|
|Housing, water, electricity, gas and other fuels||0.2||5.0||177.6|
|Recreation and culture||0.4||4.8||130.0|
|Clothing and footwear||3.4||3.6||57.4|
|CPI-ATE (July 1999 = 100)||0.3||2.9||136.2|
|CPI by delivery sector|
|(December 2014 = 100)|
|Services where labor dominates||0.9||3.4||106.3|
The year-to-year CPI-ATE growth was 2.9 per cent in September, down 0.4 percentage points from August. The CPI was 145.7 (1998=100) in September 2016, compared to 140.6 in September 2015, which corresponds to a year-to-year growth of 3.6 per cent.
Monthly change: Fall in food prices
From August to September, the CPI increased 0.3 per cent. The main reason for the CPI increase was higher clothing, furniture and electricity prices
The monthly increase in the CPI was mainly dampened by lower food prices. Food prices fell 0.4 percent, while prices on fuels and lubricants fell 0.9 per cent in September.
Year-to-year growth: higher electricity prices
From September 2015 to September 2016, the CPI grew 3.6 per cent. Higher electricity prices were the main contributor to the year-to-year growth; prices on electricity including grid rent showed a year-to-year increase of 28.3 per cent in September.
Recreational and cultural services together with restaurants, transportation and furniture were other important consumer groups with year-to-year price increases.
The year-to-year growth of the CPI was mainly dampened by lower fuel prices. In September this year petrol and diesel prices were 1.6 and 4.0 per cent lower than in the same month last year.
Change in the year-to-year growth: CPI growth rate fell
The year-to-year growth in the CPI fell from 4.0 per cent in August to 3.6 per cent in September. The decreased growth rate in the CPI can mainly be explained by the development in food prices. Food prices fell 0.4 per cent from August to September 2016, while they increased 0.3 per cent in the same period in 2015.
The price development of petrol pulled the growth rate in the opposite direction.
The year-to-year growth in the CPI-ATE fell from 3.3 per cent in August to 2.9 per cent in September.
The CPI adopted Eurostat’s new detailed 5-digit consumer classification, ECOICOP in January 2016. Statistics Norway has published unofficial 5 and 6-digit COICOP indices for the consumer group Food and non-alcoholic beverages up until January 2016. As a result of a discrepancy between the unofficial and the new official ECOICOP, some previously published indices are no longer available. This results in new names for some of the published groups.