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Prices and price indices
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Significant drop in electricity prices
The average price of electricity for households, excluding taxes and grid rent, was 26.8 øre per kWh in the first quarter of 2020. Compared to the first quarter of 2019, which had a very high price, the electricity price was down 51 per cent.
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Energy prices continue to drop
Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.
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Food prices pulled the CPI up
The Consumer Price Index (CPI) rose by 0.4 per cent from March 2020 to April 2020, while the CPI-ATE growth was 1.1 per cent in the same period. From April 2019 to April 2020 the CPI rose by 0.8 per cent, while the CPI-ATE increased by 2.8 per cent.
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Corona consequences for CPI
Measures taken by the Government to limit the corona outbreak have implications for the Consumer price index (CPI) for April. Large changes in consumption means that several services are treated separately.
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How does the corona situation affect CPI?
The outbreak of the coronavirus and the Government restrictions have consequences for both data collection and compilation of the Consumer Price Index (CPI). International recommendations on appropriate methods have been established in this extrao...
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CPI up 0.7 per cent last 12 months
The Consumer Price Index (CPI) rose by 0.7 per cent from March 2019 to March 2020, while the CPI-ATE growth was 2.1 per cent in the same period. From February 2020 to March 2020 the CPI was unchanged, while the CPI-ATE increased by 0.3 per cent.
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An uneasy world made its mark on PPI
March saw the largest monthly decrease in producer price index (PPI) in over 15 years. Uncertainties relating to the corona pandemic and the petroleum markets' are the main causes of this downturn.
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Downturn in export prices in February
The producer price index (PPI) fell by 3.3 per cent from January to February. Reduced export prices on oil and gas had the largest impact, but reduced electricity prices were another contributing factor.
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CPI up 0.9 per cent last 12 months
The Consumer Price Index (CPI) increased by 0.9 per cent from February 2019 to February 2020, while the CPI-ATE growth was 2.1 per cent in the same period. From January 2020 to February 2020 the CPI decreased by 0.1 per cent, while the CPI-ATE inc...
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Another year of high electricity prices for households
The average price of electricity for households in 2019, excluding taxes and grid rent, was 48.7 øre per kWh, which is about he same level as the top listing the year before.
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Electricity prices drove PPI down
The first month of the decade resulted in a downturn in the producer price index (PPI). The lion’s share of this downturn came from most of the energy goods. A smaller dip in the prices on crude oil and natural gas was joined by a larger fall in p...
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CPI up 1.8 per cent last 12 months
The Consumer Price Index (CPI) increased by 1.8 per cent from January 2019 to January 2020, while the CPI-ATE growth was 2.9 per cent in the same period.
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The national broadcasting license fee in the Consumer price index
The national broadcasting license fee in Norway is abolished from 2020. The license fee will be removed from the Consumer price index (CPI) and the Harmonized index (HICP) as well..
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CPI up 1.4 per cent last 12 months
The Consumer Price Index (CPI) increased by 1.4 per cent from December 2018 to December 2019, while the CPI-ATE growth was 1.8 per cent in the same period.
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Petroleumdriven upturn in PPI
The last month of the decade gave a large bump in the producer price index (PPI). This increase was mainly driven by the petroleum sector, while the electricity prices pushed in the other direction.
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