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32558
Changes in energy prices
statistikk
2000-04-10T10:00:00.000Z
Prices and price indices;Income and consumption
en
kpi, Consumer price index, CPI, inflation, price trends, price increases, CPI-ATE, price index adjustment, deflation, deflator, product groups (for example food, housing, transport), service groups (for example telecom services, hotels and restaurants)Consumption, Consumer prices , Income and consumption, Prices and price indices
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Consumer price index, 15 March 2000

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Changes in energy prices

The Consumer Price Index (CPI) increased by 0.1 per cent from February to March 2000. This growth was mainly due to higher prices of petroleum products. Tariffs on electricity fell, and limited the increase in consumer prices last month. The year-to-year growth in March was 2.5 per cent. The CPI for March was 104.7 (1998 =100).

The price of 95-octane petrol rose by 6.3 per cent form February to March, which can be seen as the result of increased fuel prices on the international spot markets. Liquid fuels increased by 11.2 per cent during the same period.

Decreased tariffs on electricity

The tariffs on electricity fell by 8.1 percent last month. This decline was one of the main contributing factors limiting the increase in consumer prices. In the same period last year, tariffs on electricity fell by 3.6 per cent. Although the decline in prices was more pronounced in March this year, the level of the tariffs was about 2 per cent higher in March 2000 than in the same month in 1999.

The year-to-year growth

From March last year to March 2000, the CPI increased by 2.5 per cent. A sharp increase in the price of energy products such as fuels, heating oil and paraffin explains most of the overall change in the CPI. Declining prices on clothes, telephone equipment and services, as well as on some audio-visual equipment, pull the overall price increase down.

In February, the year-to-year growth was 3.2 per cent, while in March, it fell to 2.5 per cent. The sharp decline in tariffs on electricity, the development in prices of clothes, and the change from quarterly to monthly publishing of rentals for housing are factors behind the decline in year-to year-growth.

The Consumer Price Index. 1998 = 100
  Index 15 March 2000 Change in per cent
  February-March 2000 March 1999 -March 2000 January - March 1999 -
January - March 2000
All - item index 104,7 0,1 2,5 2,9
Food and non-alcoholic beverages 104,4 0,4 2,4 1,8
Alcoholic beverages and tobacco 109,7 0,4 7,0 6,5
Clothing and footwear 91,9 1,3 -7,5 -4,4
Housing, water, electricity, fuels 106,2 -0,9 3,6 4,6
Furnishing household equipment 102,3 0,2 1,0 1,0
Health 107,9 - 3,3 3,7
Transport 107,8 1,3 5,6 4,5
Communications 90,3 - -8,2 -8,3
Recreation and culture 103,3 0,1 1,4 1,8
Education 108,5 - 5,3 5,3
Restaurants and hotels 105,5 -0,2 2,2 2,5
Miscellaneous goods and services 105,8 0,6 2,1 2,2