199273_not-searchable
/en/priser-og-prisindekser/statistikker/kpi/maaned
199273
CPI growth rate increased
statistikk
2015-12-10T10:00:00.000Z
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
false
The Consumer Price Index (CPI) shows the price development and inflation for goods and services. The CPI for November 2015 was 0.4 per cent higher than the previous month.

Consumer price index, November 2015

Content

Published:

This is an archived release.

Go to latest release

CPI growth rate increased

The Consumer Price Index (CPI) increased 0.4 per cent from October to November 2015, mostly due to higher prices of electricity. The year-to-year growth in the CPI was 2.8 per cent in November, up 0.3 percentage points from October.

Consumer Price Index 1998=100Published 10 December 2015
Monthly change (per cent)12-month rate (per cent)Index
October 2015 - November 2015November 2014 - November 2015November 2015
CPI All-item index0.42.8141.7
Food and non-alcoholic beverages0.73.8134.9
Housing, water, electricity, gas and other fuels0.81.9172.7
Transport-0.50.9150.6
Recreation and culture0.44.1125.4
Clothing and footwear1.12.756.6
 
CPI-ATE (july 1999 = 100)0.23.1132.8
 
CPI by delivery sector
Other consumer goods produced in Norway1.60.5164.7
Imported consumer goods0.54.295.7
Other services with wages as dominating price factor0.12.8217.9

Source: Statistics Norway

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

The year-to-year CPI-ATE growth was 3.1 per cent in November. The CPI was 141.7 (1998=100) in November 2015, compared to 137.9 in November 2014, which corresponds to a year-to-year growth of 2.8 per cent.

Monthly change: continued price increase on electricity

The CPI rose 0.4 per cent from October to November, mostly due to higher prices on electricity including grid rent, which rose 4.8 per cent. This is the fourth consecutive month with rising electricity prices. Food prices increased 0.7 per cent in the period, and most sub-groups went up. The strongest price increase was measured for meat and fruits. Prices on clothing increased for the fourth consecutive month, and in November the increase was 1.2 per cent.

The monthly increase in the CPI was mainly dampened by a 10.8 per cent decrease in airfares.

Year-to-year growth: price growth on food and furniture

The CPI rose 2.8 per cent from November 2014 to November 2015. Prices of food and non-alcoholic beverages were the largest contributors to the year-to-year growth. Prices of food rose 3.5 per cent from November last year to November this year, while the prices of non-alcoholic beverages increased 5.5 per cent in the same period. Other contributing factors were the prices of furniture and furnishings, which rose 7.7 per cent year-to-year, and higher prices on restaurants and clothing.

The year-to-year growth in the CPI was mainly dampened by lower prices on petrol and auto diesel, which fell 6.4 and 7.7 per cent respectively.

Change in the year-to-year growth: electricity prices pulled the growth rate further up

The year-to-year growth in the CPI increased from 2.5 per cent in October to 2.8 per cent in November. The increased growth rate was mainly due to the development in prices of electricity including grid rent, which rose almost 5 per cent from October to November this year, while increasing less than 1 per cent in the same period last year.

The price development of food also contributed to the increased growth rate, as prices here also went up more from October to November this year than from October to November last year.

The price development in furniture and furnishing pulled in the opposite direction, as prices fell from October to November in 2015, while increasing in the same period in 2014. 

The year-to-year growth in the CPI-ATE was 3.1 per cent in November; up 0.1 percentage point from October. This was mainly due to the aforementioned development in food prices, together with the price development in household textiles.