This is an archived release.
Fall due to decrease in the consumption of foodstuffs
The index of commodity consumption fell down in July, after a sharp increase in June. Seasonal adjusted figures show a fall of 1.8 per cent, mostly due to the decrease in the consumption of foodstuffs. Year-to-year increase of the total index was however, 7.8 per cent.
The consumption of food, beverages and tobacco decreased by 3.5 per cent compared to the previous month. This fall should be evaluated in connection with the increase from May to June. 60 per cent of the fall in the total index comes from the fall in the consumption of food, beverages and tobacco.
The seasonal adjusted figures for the consumption of the group called ‘other goods’ fell in July by 1.8 per cent. This fall can be attributed to the decrease in the purchase of book and leisure articles. At the same time, a weak increase in the consumption of clothing was observed.
Households’ consumption of electricity and heating fuels was 3.5 per cent lower compared with June. Although the consumption of heating fuels and central heating went up, the electricity consumption was considerably lower.
Index of commodity consumption, July 2007. Seasonally adjusted and unadjusted volume index.
July 2006-July 2007. 1995=1001
|Period||Seasonally adjusted||Change from previous month. Per cent||Unadjusted||Change from the same month last year. Per cent|
|1||Please note that the indices have been revised.|
Method differs from the index of retail sale
The index of commodity consumption describes the development in household consumption of goods, while the index of retail sales measures the development in retail sales. As opposed to the index of retail sales, the index of commodity consumption has a wider choice of commodities. Calculation of the index of commodity consumption is based on information from the index of retail sales plus purchase of cars (initial registration), sales data from petrol stations (petrol and other goods) and consumption of electricity and heating fuels. This may result in deviations in the development of the two indices.
The index of commodity consumption uses the same definitions and methods of compilation as the quarterly national accounts, and thus serves as an indicator of household consumption of goods in the quarterly national accounts.
Since Statistics Norway gives high priority in timeliness of release of statistics, the index of commodity consumption may have to rely on preliminary estimates in some cases. This implies that such estimates will be replaced in the subsequent releases.