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Consumer prices rose by 3.1 per cent
statistikk
2001-01-10T10:00:00.000Z
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
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Consumer price index, 15 December 2000

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Consumer prices rose by 3.1 per cent

The consumer price index (CPI) rose by 3.1 per cent from 1999 to 2000, which is the highest annual growth since 1991. The main contributor to the growth was an increase in prices of energy. From November to December 2000 the CPI decreased by 0.1 per cent.

In December the CPI stood at 106.7 (1998=100), while in December 1999 it was 103.6.

Annual growth: The highest since 1991

The annual growth in 2000 is the highest growth rate since 1991 and is due to a sharp increase in prices of energy products. Influenced by higher oil prices the petrol prices climbed in the first six months before it reached a peak in June. After a two-month-period with declining petrol prices, a new jump occurred in September. Since September the petrol prices have been falling and in December the prices were 6.7 per cent lower than in September. Still on average the petrol prices were 14.1 per cent higher in 2000 than in 1999.

A rise in housing expenses is another major contributor to the price growth in 2000. Actual rentals for housing and imputed rentals increased by 3.9 and 4.5 per cent respectively. A price increase of energy products has also caused higher housing expenses. The prices of paraffin and heating oil have risen by 35.3 per cent. The tariffs on electricity were 5.5 per cent higher in 2000 than in 1999.

The prices of alcoholic beverages and tobacco have increased by 7.1 per cent. This rise is mainly caused by commodity taxes in the beginning of 2000. The taxes on tobacco have increased more than the taxes on alcohol, which the price increase reflects.

Lower prices of clothing, electric articles and telephone equipment and services have dampened the price increase. In particular the prices of IT-equipment have decreased in 2000.

Price change from November to December: Fall in petrol prices

The prices of petrol went down 4.0 per cent and are the main contributor to the decline last month. The prices of audio-visual equipment had a decrease of 3.1 per cent in the same period. The decline is mainly due to the drop of a special commodity tax.

The tariffs on electricity rose by 1.9 per cent from November to December. Higher prices of hairdressing and some appliance for personal care, fruits and vegetables dampened the decline in the CPI last month.

December 1999 to December 2000: 3 per cent growth

The year to year change in December declined from 3.2 in November to 3.0 in December. The decrease was mainly due to lower prices of petrol last month. Rentals for housing remained stable in December and contributed to the decline in the year to year change as well.

The Consumer Price Index. 1998 = 100
  Index Change in per cent
  December
2000 		November 2000-
December 2000 		December 1999-
December 2000 		Annual growth
1999-2000
All-item index 106.7 -0.1 3.0 3.1
Food and non-alcoholic beverages 105.4 0.3 2.4 1.9
Alcoholic beverages and tobacco 111.2 -0.1 7.1 7.0
Clothing and footwear 97.5 -0.1 -4.1 -4.3
Housing. water. electricity. fuels 109.7 0.3 4.9 4.7
Furnishings household equipment 101.9 -0.1 0.5 0.6
Health 109.1 0.1 3.3 3.4
Transport 108.7 -0.7 4.3 5.4
Communications 89.7 -0.2 -0.9 -3.5
Recreation and culture 103.4 -0.7 0.8 1.5
Education 113.6 - 4.7 5.1
Restaurants and hotels 108.2 - 3.6 3.2
Miscellaneous goods and services 108.5 0.2 3.9 2.8