CPI up 3.0 per cent in last 12 months

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The Consumer Price Index (CPI) increased by 3.0 per cent from July 2017 to July 2018, while the CPI-ATE growth was 1.4 per cent. From June to July 2018 the CPI rose 0.7 per cent, while CPI-ATE increased 0.6 per cent.

Written by: Camilla Rochlenge / Silje S. Thorsnes

Figure 1. Consumer price index. Percentage change from the same month one year before

CPI CPI-ATE
June 2016 3.7 3.1
July 2016 4.4 3.7
Aug. 2016 4 3.3
Sep. 2016 3.6 3
Oct. 2016 3.7 3
Nov. 2016 3.6 2.6
Dec. 2016 3.5 2.5
Jan. 2017 2.8 2.1
Feb. 2017 2.5 1.6
Mar. 2017 2.4 1.7
Apr. 2017 2.2 1.7
May 2017 2.1 1.6
June 2017 1.9 1.6
July 2017 1.5 1.2
Aug. 2017 1.3 0.9
Sep. 2017 1.6 1
Oct. 2017 1.2 1.1
Nov. 2017 1.1 1
Dec. 2017 1.6 1.4
Jan. 2018 1.6 1.1
Feb. 2018 2.2 1.4
Mar. 2018 2.2 1.2
Apr. 2018 2.4 1.3
May 2018 2.3 1.2
June 2018 2.6 1.1
July 2018 3 1.4

Figure 2. Monthly change in per cent. CPI, CPI-ATE, CPI by divisons

June 2018 - July 2018 June 2017 - July 2017
Miscellaneous goods and services 0.1 0.2
Restaurants and hotels -0.2 -0.3
Education 0 0
Recreation and culture 0.2 -0.1
Communications 0.1 0
Transport 1.4 1.1
Health 0.9 0.1
Furnishings, household equipment and routine maintenance 1.3 0.4
Housing, water, electricity, gas and other fuels 1.1 0.3
Clothing and footwear -6.8 -7.9
Alcoholic beverages and tobacco 0.7 0.5
Food and non-alcoholic beverages 3.6 2.7
CPI -ATE All-item index 0.6 0.3
CPI All-item index 0.7 0.3

Figure 3. 12-month rate. CPI, CPI-ATE, CPI by divisions. June 2017 – July 2018

July 2017 – July 2018
Miscellaneous goods and services 1.2
Restaurants and hotels 3
Education 6
Recreation and culture 2.2
Communications 1.6
Transport 3.6
Health 2
Furnishings, household equipment and routine maintenance 2.5
Housing, water, electricity, gas and other fuels 6.4
Clothing and footwear -2.6
Alcoholic beverages and tobacco 2.3
Food and non-alcoholic beverages 1.3
CPI -ATE All-item index 1.4
CPI All-item index 3.0

 

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