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This is an archived release.
The electricity prices pulled the CPI down
The CPI fell by 0.5 per cent from April to May 2010.The main cause was a reduction in the prices on electricity included grid rent of 11.6 per cent. The CPI rose by 2.5 per cent from May 2009 to May 2010, while CPI-ATE increased by 1.5 per cent in the same period.
The consumer price index (CPI) was 128.9 (1998=100) per May 2010, compared to 125.7 at the same time in 2009. This corresponds to a year-to-year growth of 2.5 per cent in May 2010, down from 3.3 per cent the previous month. The year-to year growth in the CPI-ATE was 1.5 per cent in May 2010.
Fall in electricity prices
The prices on electricity included grid rent decreased by 11.6 per cent from April to May 2010, likely caused by lower power consumption. From April to May the prices on books also declined, and the prices on literature to adults were behind most of the price fall.
The prices on airline fares increased by 4.6 per cent from April to May in 2010, and the prices on footwear rose by 2.9 per cent in the same period.
Decreased year-to-year growth
The year-to-year growth in the CPI fell by 0.8 percentage points from April to May 2010, down from 3.3 in April to 2.5 in May. This was due to a fall in the prices on electricity included grid rent of 11.6 per cent from April to May this year, compared to a decrease of 1.7 per cent in the same period last year. Another important reason behind the declining year-to-year growth was that the prices on fuels and lubricants fell by 0.4 per cent from April to May 2010, while they rose by 3.0 per cent in the same period last year.
In May 2010 the year-to-year growth was 1.5 per cent in the CPI-ATE, a decrease of 0.2 percentage points from April. This can among others be explained by unchanged prices on imputed rentals for housing from April to May this year, compared to an increase of 0.4 per cent in the same period last year. In addition, the prices on meat and vegetables together with hotel services had an impact on the declined year-to-year growth. The prices on these components fell from April to May this year, while rising in the same period last year.
The price development in the last twelve months
Electricity included grid rent showed an increase in prices by 21.9 per cent in the last twelve months. The prices on fuel and lubricants together with regular maintenance and repair of the dwelling rose by 10.1 and 3.0 per cent respectively. It was also registered that the prices increased on recreational and cultural services, restaurants services and package holidays.
The prices on clothing fell by 4.3 per cent from May 2009 to May 2010, while the prices also declined on audio-visual equipment, telephone equipment and telephone services.
| Weights | Index | Change in per cent | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2009- July 2010 |
May 2010 | April 2010- May 2010 |
May 2009- May 2010 |
January-May 2009- January-May 2010 |
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| CPI All-item index | 1 000.0 | 128.9 | -0.5 | 2.5 | 3.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Food and non-alcoholic beverages | 114.4 | 123.2 | 0.1 | 0.7 | 1.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Alcoholic beverages and tobacco | 25.5 | 147.9 | 0.1 | 3.6 | 3.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clothing and footwear | 56.3 | 59.9 | 0.7 | -3.4 | -2.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Housing, water, electricity, fuels | 304.7 | 158.3 | -1.7 | 5.1 | 5.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Furnishings household equipment | 61.8 | 107.5 | - | -0.6 | -0.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Health | 26.1 | 149.9 | -0.1 | 2.6 | 2.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transport | 172.1 | 137.1 | 0.1 | 2.7 | 3.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Communications | 22.7 | 72.8 | - | -2.9 | -2.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Recreation and culture | 120.6 | 115.1 | -0.3 | 2.8 | 3.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Education | 2.4 | 163.1 | - | 3.3 | 3.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restaurants and hotels | 35.3 | 149.9 | -0.1 | 3.2 | 3.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Miscellaneous goods and services | 58.1 | 136.6 | 0.1 | 2.9 | 3.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CPI-AE | 123.2 | 0.1 | 1.5 | 1.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CPI-AT | 125.9 | -0.5 | 2.7 | 3.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CPI-ATE | 120.3 | 0.1 | 1.5 | 1.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CPI-ATE sesonal adjusted | 120.0 | 0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tables
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Statistics Norway's Information Centre
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Konsumprisindeksen
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Camilla Rochlenge
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Kjersti Nyborg Hov
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Gunnar Larsson
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Trym Kristian Økland
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