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Harmonized index up 0.3 per cent
statistikk
2003-03-10T10:00:00.000Z
Prices and price indices;Income and consumption
en
hkpi, Harmonized index of consumer prices, HCPI, inflation, EU countries, EEA countries, price trends, price increases, 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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Harmonized index of consumer prices, 15 February 2003

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Harmonized index up 0.3 per cent

The harmonized index of consumer prices (HICP) was 117.9 (1996=100) in February, up 0.3 per cent from January. HICP for Norway rose by 4.1 per cent from February 2002 to February 2003, down from 4.2 per cent in January. The year-to-year growth in the EEA was 2.1 per cent in January.

HICP for Norway rose by 0.3 per cent from January to February. The petrol prices increased and were one of the reasons to the HICP growth. The tariffs on electricity contributed to moderate the price growth in February. The year-to-year change was 4.1 per cent in February, down from 4.2 per cent in January. See the Consumer Price Index for more details.

Harmonized consumer price index

Year-to-year change in the EEA

From January 2002 to January 2003 the EEA consumer prices went up by 2.1 per cent. Ireland and Norway had the highest growth of 4.7 per cent and 4.2 per cent respectively. The lowest growth was registered in Germany with 1.0 per cent, and Iceland with an increase in the consumer prices of 1.1 per cent.

The household payments for education went up the most in the EEA-area with growth rates of 4.9 per cent, and there are great differences between the countries. The household payments for education increased by 24.7 per cent in Denmark, while it went down by 7.7 per cent in Sweden. During the last 12 months the prices of alcoholic beverages and tobacco rose by 4.1 per cent. Ireland and Iceland had the largest growth with 11.8 and 9.3 per cent respectively. Prices within the transport sector went up in all the countries in the EEA from January 2002 to January 2003, with an overall growth of 4.1 per cent.

Decrease in the prices of clothing and footwear contributed to dampen the growth in the consumer prices. The prices fell in 10 of the 17 EEA member states.

Due to methodical changes Germany has revised their HICP from January 2000 to December 2002 and the data is flagged as provisional. This has also affected the data for the Euro-zone, EU and EEA.

In advance, Eurostat estimated the year-to-year change in January in the Euro-zone to 2.1 per cent, while the actual price growth turned out to be 2.2 per cent. Expected growth in the consumer prices in the Euro-zone in February is 2.3 per cent. The HICP for the European Union (EU) increased by 2.1 per cent in January.

Harmonized Indices of Consumer Prices for Norway and other selected countries. Change in per cent
  Annual growth 2001-2002 December 2001-December 2002 January 2002-January 2003 February 2002-February 2003
Norway 0.8 2.6 4.2 4.1
Iceland 5.3 1.9 1.1  
Sweden 2.0 1.7 2.6  
Denmark 2.4 2.6 2.6  
Finland 2.0 1.7 1.4  
Germany 1.3* 1.1* 1.0*  
United Kingdom 1.3 1.7 1.4  
EEA 2.1* 2.2* 2.1*  
EU 2.1* 2.2* 2.1*  
Euro-zone 2.2* 2.3* 2.2*  
United States1 1.6 2.4 2.6  
Japan1 -0.9 -0.4 ...  
1  National Consumer Price Index.
*  Provisional or preliminary figure.
Source:  Source: Statistics Norway and EUROSTAT.