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Small increase in the CPI
statistikk
2013-12-10T10:00:00.000Z
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 November 2013

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Small increase in the CPI

The Consumer Price Index (CPI) rose by 0.1 per cent from October to November, mostly due to higher prices of furniture, clothing and books. The year-to-year growth in the CPI was 2.5 per cent in November, while the CPI-ATE increased by 2.0 per cent in the same period.

Consumer Price Index 1998=100Published 10 December 2013
Monthly change (per cent)12-month rate (per cent)Index
October 2013 - November 2013November 2012 - November 2013November 2013
CPI All-item index0.12.5135.3
Food and non-alcoholic beverages0.22.6126.7
Housing, water, electricity, gas and other fuels0.15.4167.6
Transport-0.61.5145.0
Recreation and culture0.61.2117.7
Clothing and footwear1.1-1.855.6
 
CPI-ATE (july 1999 = 100)0.22.0125.8
 
CPI by delivery sector
Other consumer goods produced in Norway-0.35.6162.7
Imported consumer goods0.60.290.7
Other services with wages as dominating price factor0.23.5204.4

Source: Statistics Norway

Figure 1. Consumer Price Index. Percentage change from the same month one year before

The CPI was 135.3 (1998=100) in November 2013, compared to 132.0 in the same month the year before, which corresponds to a year-to-year growth of 2.5 per cent.

Monthly change: higher prices of furniture, clothing and books

The CPI increased by 0.1 per cent from October to November. Prices of furniture and furnishings rose by 2.4 per cent. Clothing prices were 1.2 per cent higher in November than in October, while prices of books increased 8.9 per cent in this period.

The overall rise in the CPI was mainly curbed by airfares, which fell 11.7 per cent from October to November. The decline in prices was measured for both domestic and international fares.

Year-to-year growth: strong growth in electricity prices still most important

The CPI rose by 2.5 per cent from November 2012 to November 2013. The main contributor to the year-to-year growth was the increase in prices of electricity. In November this year, electricity prices including grid rent were 14.4 per cent above the price level of November 2012. Imputed rentals for home owners rose 3.7 per cent the last twelve months, making it one of the other main contributors to the rise in the CPI. Another important factor was food, with a price increase of 2.6 per cent.

The price level of maintenance and repair of personal transport equipment was 3.2 per cent higher in November than in the same period last year. Prices of alcoholic beverages and tobacco increased 4.6 per cent, while furniture and furnishings went up by 6.1 per cent. Higher actual rentals together with higher prices for the groups restaurant services and recreational and sporting services also contributed to the positive growth in the last twelve months.

Clothing prices fell 2.5 per cent from November 2012 to November 2013, making it the consumption group that had the strongest dampening effect on the CPI in this period. Among other important dampening factors were airfares, which fell 8.9 per cent, and a price fall of 6.6 per cent for books.

Change in the year-to-year growth: weak increase in the CPI/CPI-ATE

The year-to-year growth in the CPI increased from 2.4 per cent in October to 2.5 per cent in November. The main contributor to the decrease in the CPI was the price development of furniture. Prices of furniture and furnishings rose 2.4 per cent from October to November this year, while falling by 0.5 per cent in the same period last year. The development in the prices of maintenance and repair of personal transport equipment and for clothing and footwear had a positive impact on the rise in the year-to-year growth.

The year-to year growth in the CPI-ATE was 2.0 per cent in November; up 0.1 percentage point from 1.9 per cent the previous month.