32506_not-searchable
/en/priser-og-prisindekser/statistikker/kpi/arkiv
32506
Year-to-year change down to 0.4 per cent
statistikk
2002-06-10T10:00:00.000Z
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
false

Consumer price index, 15 May 2002

Content

Published:

This is an archived release.

Go to latest release

Year-to-year change down to 0.4 per cent

The year-to-year change in the Consumer Price Index (CPI) was 0.4 per cent in May. The low price growth is mainly a result of tax reductions and price developments of petrol and electricity. The CPI adjusted for tax changes and excluding energy products (CPI-ATE) was 2.6 per cent in May.

The CPI stood at 110.0 (1998=100) in May in comparison with 109.7 in April, an increase of 0.3 per cent.

Year-to-year change: Lowest price growth in almost 40 years

Due to the July 2001 reduction in value added tax, the prices of food and non-alcoholic beverages have decreased by 6.8 per cent during the last 12 months. The prices of petrol dropped 2.5 per cent from April to May, and the prices have declined by 12.4 per cent on the year-to-year basis. The tariffs on electricity have this year shown a more regular seasonal pattern and are in May 11.2 per cent lower than in May last year. The CPI excluding energy products (CPI-AE) has increased by 1.3 per cent since May last year.

Rentals have been the main contributing factor to the CPI growth. Costs for owner-occupied housing and rentals for housing have increased by 5.3 and 4.7 per cent respectively.

The CPI adjusted for tax changes (CPI-AT) was 1.8 per cent in May. Lower taxes on petrol, electricity, alcohol and airline fares in addition to a reduction in value-added tax on food therefore reduced the consumer price growth by 1.4 percentage points. CPI-ATE was 2.6 per cent.

The year-to-year growth in the CPI went down from 0.5 per cent in April to 0.4 per cent in May mainly caused by the price developments of petrol and food. The CPI-AT declined from 2.0 per cent in April to 1.8 per cent in May while the CPI-ATE went up from 2.4 per cent to 2.6 per cent.

The consumer prices up by 0.3 per cent from April to May

The prices of clothing and footwear continued to increase in May by 1.7 per cent, but the prices are still below the price level in December. The prices of clothing rose by 1.9 per cent, while the prices of footwear went up 1.3 per cent.

Costs for owner-occupied housing and rentals for housing increased by 0.6 and 0.4 per cent respectively. The prices of telephone services went up 3.2 per cent while the prices of food and non-alcoholic beverages increased by 0.3 per cent.

The prices of energy products counteracted this. After several months with continues price increases, the petrol prices declined by 2.5 per cent in May. The tariffs on electricity fell slightly by 0.8 per cent in May.

The Consumer Price Index. 1998 = 100
  Index Change in per cent
  May 2002 April 2002-May 2002 May 2001-May 2002 Jan.-May 2001 Jan.-May 2002
CPI All-item index 110.0 0.3 0.4 0.7
Food and non-alcoholic beverages 100.8 0.3 -6.8 -6.0
Alcoholic beverages and tobacco 113.1 - -0.8 -0.8
Clothing and footwear 93.3 1.7 -2.0 -4.6
Housing, water, electricity, fuels 117.6 0.3 2.5 3.8
Furnishings household equipment 103.5 0.1 0.2 -
Health 115.6 0.2 3.7 3.2
Transport 112.9 -0.4 -0.5 0.9
Communications 89.9 2.7 3.3 1.4
Recreation and culture 105.8 0.2 1.4 1.1
Education 125.6 - 10.4 10.4
Restaurants and hotels 115.6 0.4 4.5 4.5
Miscellaneous goods and services 114.7 0.2 3.0 3.1
         
CPI-AE 109.1 0.5 1.3 1.1
CPI-AT   0.3 1.8 2.2
CPI-ATE   0.5 2.6 2.4