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32277
Slight decline in the CPI
statistikk
2010-09-10T10:00:00.000Z
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 August 2010

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Slight decline in the CPI

The CPI fell by 0.2 per cent from July to August 2010, mainly due to price-falls on airline fares and clothing. From August 2009 to August 2010, the CPI rose by 1.9 per cent, while CPI-ATE increased by 1.4 per cent.

Consumer price index. 1998 = 100

The consumer price index (CPI) was 127.8 (1998=100) per August 2010, compared to 125.4 at the same time in 2009. This corresponds to a year-to-year growth of 1.9 per cent in August 2010, the same as last month. The year-to year growth in the CPI-ATE was 1.4 per cent in August 2010.

Down 0.2 per cent from July to August

From July to August 2010 the CPI fell by 0.2 per cent. This was mainly due to the prices of airline fares, which fell by 13.1 per cent from. Principally, it was the prices on foreign destinations that declined. In the same period, continued sales pulled prices of clothes down 2.0 per cent from July to August, and the prices of electricity including grid tariff fell by 1.4 per in the same period. Also prices of furniture, furnishings and carpets and fuels and lubricants declined.

In the opposite direction, imputed rentals for housing increased by 0.3 per cent from July to August. The prices of hotel services rose by 7.1 per cent after sales activity in July. The prices of dental services increased by 2.5 per cent since they last were measured in January.

CPI up 1.9 per cent the last twelve months

Prices on electricity including grid tariff rose by 12.9 per cent from August last year, and were an important contributor to the growth. Imputed rentals for housing increased by 2.6 per cent in the same period. Prices on recreational and cultural services together with goods and services in repair and maintenance of dwelling increased by 8.7 and 3.5 per cent respectively.

The year-to-year growth was dampened by falling prices in clothing and audiovisual equipment, with a decline of 5.1 and 3.8 per cent respectively.

The Consumer Price Index. 1998 = 100
 
  Weights Index Change in per cent
  August 2009-
December 2010		 August 2010 July 2010-
August 2010		 August 2009-
August 2010		 January-August 2009-
January-August 2010
 
CPI All-item index 1 000.0  127.8 -0.2 1.9 2.6
Food and non-alcoholic beverages  114.4  122.6 -0.2 0.4 0.5
Alcoholic beverages and tobacco 25.5  147.9 - 3.4 3.6
Clothing and footwear 56.3 54.2 -1.6 -4.1 -3.2
Housing, water, electricity, fuels  304.7  157.1 0.1 4.1 5.0
Furnishings household equipment 61.8  105.4 -0.9 -0.8 -0.3
Health 26.1  151.6 0.9 2.4 2.7
Transport  172.1  136.0 -0.9 0.7 2.4
Communications 22.7 72.3 -0.4 -1.4 -1.8
Recreation and culture  120.6  116.3 -0.1 2.5 2.8
Education 2.4  163.1 - 3.3 3.3
Restaurants and hotels 35.3  150.6 0.9 2.7 3.1
Miscellaneous goods and services 58.1  137.8 0.2 3.5 3.3
           
CPI-AE    122.7 -0.2 1.4 1.6
CPI-AT    124.6 -0.3 1.8 2.6
CPI-ATE    119.6 -0.2 1.4 1.6
CPI-ATE sesonal adjusted    120.3 0.2    
 

Weights in the CPI

New goods and weights which are normally introduced in August each year are postponed to January 2011, due to a shift in the source of weights in the CPI from the household budget survey to the National Accounts. From August until December 2010 the weights in the CPI will continue to be based on the household budget survey from 2006, 2007 and 2008.

 

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