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Weak decrease in CPI
statistikk
2011-06-10T10:00:00.000Z
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
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Consumer price index, 15 May 2011

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Weak decrease in CPI

The CPI fell by 0.2 per cent from April to May 2011, primarily due to a fall in airline fares. The CPI rose by 1.6 per cent from May 2010 to May 2011, while CPI-ATE increased by 1.0 per cent in the same period.

Consumer price index. 1998=100

The Consumer price index (CPI) was 131.0 (1998=100) as per May 2011, compared with 128.9 in the corresponding period in 2010. This was equivalent to a year-to-year growth of 1.6 per cent in May 2011, up 0.3 percentage points from the previous month. The year-to year growth in the CPI-ATE was 1.0 per cent in May 2011.

Price fall in airline fares

The CPI fell by 0.2 per cent from April to May 2011. It was mainly the prices of airline fares that contributed, with a price fall of 23.6 per cent. This was related to the strong growth in airline fares in April (due to Easter). In the same period, prices on clothing together with electricity including grid rent fell by 0.7 and 1.0 per cent respectively. The prices of books fell by 4.5 per cent.

Food prices rose by 0.5 per cent from April to May 2011, mainly due to higher prices on meat and fresh fruit products.

CPI up 1.6 per cent the last twelve months

The CPI rose by 1.6 per cent from May 2010 to May 2011. Several goods and services contributed to the positive price change. Prices on fuel and lubricants rose 10.1 per cent, while prices on imputed rentals for owner-occupiers together with alcoholic beverages and tobacco rose by 2.2 and 5.9 per cent respectively. Non-alcoholic beverages, catering services and electricity including grid rent also contributed to the year-to-year growth.

Price falls on audiovisual equipments, food and clothing had a subduing effect on the growth in the last twelve months.

Increase in the year-to-year growth

The year-to-year growth in the CPI rose by 0.3 percentage points from 1.3 per cent in April 2011 to 1.6 per cent in May 2011. The change in prices of electricity including grid rent contributed the most, since the price fall from April to May this year was much weaker than the same period last year. The prices of electricity including grid rent fell by 1.0 per cent from April to May this year, compared to a fall by 11.6 per cent in the corresponding period last year.

The year-to year growth in the CPI-ATE was 1.0 per cent in May 2011, down 0.3 percentage points from April 2011. The main reason was the airline fares, which decreased by 23.6 per cent from April 2011 to May 2011 compared to an increase of 4.6 per cent in the corresponding period in 2010.

The Consumer Price Index. 1998 = 100
 
  Weights Index Change in per cent
  January 2011-
December 2011		 May 2011 April 2011-
May 2011		 May 2010-
May 2011		 January-May 2010-
January-May 2011
 
CPI All-item index 1 000.0  131.0 -0.2 1.6 1.5
Food and non-alcoholic beverages  133.1  122.4 0.6 -0.6 -0.7
Alcoholic beverages and tobacco 42.3  156.6 0.1 5.9 6.0
Clothing and footwear 56.8 57.6 -0.3 -3.8 -4.0
Housing, water, electricity, fuels  214.9  161.4 -0.1 2.0 2.3
Furnishings household equipment 60.2  107.0 -0.1 -0.5 -0.7
Health 30.0  153.6 - 2.5 2.5
Transport  133.7  141.6 -1.9 3.3 2.7
Communications 27.5 71.0 0.1 -2.5 -2.9
Recreation and culture  134.8  115.7 -0.3 0.5 0.4
Education 2.7  166.8 - 2.3 2.3
Restaurants and hotels 50.3  154.4 0.5 3.0 2.7
Miscellaneous goods and services  113.8  140.6 0.2 2.9 2.8
           
CPI-AE ..  124.7 -0.2 1.2 1.1
CPI-AT ..  127.7 -0.2 1.4 1.2
CPI-ATE ..  121.5 -0.2 1.0 0.9
CPI-ATE sesonal adjusted ..  121.2 -0.1    
 

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