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Food prices behind CPI increase
statistikk
2009-03-10T10:00:00.000Z
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 index15 February 2009

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Food prices behind CPI increase

The CPI increased by 0.8 per cent from January 2009 to February 2009, mainly due to increased food and clothing prices. The year-to-year growth in the CPI was 2.5 per cent in February 2009, while the CPI-ATE increased by 3.0 per cent.

Consumer price index. 1998 = 100

The consumer price index (CPI) was 125.0 (1998=100) as per February 2009 compared to 121.9 in the corresponding month in the previous year. This is equivalent to a year-to-year growth of 2.5 per cent in February, up 0.3 percentage points from January. The year-to year growth in the CPI-ATE was 3.0 per cent in February 2009 compared with 2.8 per cent in January 2009.

CPI increased by 0.8 per cent from January to February

Food prices went up by 2.9 per cent due to Agricultural Settlement in 2008. In particular, prices of dairy and meet products lead to increased food prices. A rise in prices of fish, bread and several sugar added products was also registered.

Clothing and furniture, furnishing carpets and other floor coverings showed a seasonal price increase after sales in January, rising by 5.0 and 5.3 per cent respectively. In spite of the price increase of clothing in February, clothing prices have not returned to the November level. Other components that showed a remarkable increase were flight prices, jewellery, clocks and watches.

Electricity including grid was the main contributor to dampening the increase, with a decrease of 4.2 per cent in prices. Among others that had falling prices were books and auto diesel.

Rising imputed rentals and food prices the last twelve months

The CPI rose by 2.5 per cent from February 2008 to February 2009. Imputed rentals and actual rentals rose by 4.0 and 4.9 per cent respectively. Prices of food went up by 5.4 per cent. A price increase in telephone equipment and alcoholic beverages and tobacco was also registered.

Prices of several services pulled up the year-to-year growth in the CPI. Services related to recreation and culture increased by 7.3 per cent, while transport and restaurant services went up by 6.3 and 4.8 per cent respectively.

Prices of fuel and lubricants, clothing, audiovisual equipment and telephone services were the most important factors to dampening the increase in the last twelve-month growth.

Clothing prices pulled up the year-to-year growth

The year-to-year growth rose from 2.2 per cent in January to 2.5 per cent in February 2009. Prices of clothing were the largest contributors to pull up the twelve-month growth. Clothing prices rose by 1.6 per cent from January to February last year, while increasing 5.0 per cent in the same period in 2009. Two other important contributors were prices of electricity including grid and food prices. Prices of electricity had a smaller drop this year compared to the same period last year, while prices of food had a somewhat higher price development this year compared to the equivalent period last year.

The change in the year-to-year growth of the CPI-ATE was 0.2 percentage points, from 2.8 per cent in January 2009 to 3.0 per cent in February 2009.

The Consumer Price Index. 1998 = 100
  Weights Index Change in per cent
  August 2008-
July 2009
February 2009 January 2009-
February 2009
February 2008-
February 2009
January-February 2008-
January-February 2009
CPI All-item index 1 000.0  125.0 0.8 2.5 2.4
Food and non-alcoholic beverages  111.8  121.7 2.6 5.4 5.2
Alcoholic beverages and tobacco 26.8  142.3 0.7 6.0 5.5
Clothing and footwear 59.1 58.2 4.7 -4.7 -6.1
Housing, water, electricity, fuels  295.0  151.6 -0.5 2.3 2.0
Furnishings household equipment 63.3  106.8 2.6 3.7 3.9
Health 27.4  145.2 0.1 2.3 2.4
Transport  178.8  132.7 0.7 1.7 1.8
Communications 20.9 75.1 1.9 -1.8 -2.9
Recreation and culture  120.2  111.8 0.4 3.0 3.0
Education 2.7  157.9 - 4.6 4.6
Restaurants and hotels 34.4  144.1 -0.1 4.2 4.5
Miscellaneous goods and services 59.6  131.4 0.8 4.2 4.1
           
CPI-AE    120.4 1.1 3.1 3.0
CPI-AT    121.9 0.8 2.4 2.3
CPI-ATE    117.4 1.1 3.0 2.9
CPI-ATE sesonal adjusted    117.5 0.4 2.9 -