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32409
Year-to-year growth of 2.3 per cent
statistikk
2006-06-09T10:00:00.000Z
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 May 2006

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Year-to-year growth of 2.3 per cent

The Consumer Price Index (CPI) increased by 2.3 per cent from May 2005 to May 2006, as a result of higher prices of energy products. From April to May however, CPI showed no change. The CPI adjusted for tax changes and excluding energy products (CPI-ATE) increased by 0.7 per cent from May 2005 to May 2006.

Consumer Price Index. 1998=100

CPI was 117.9 (1998=100) in May 2006, compared to 115.2 at the same time last year. This is equivalent to an increase of 2.3 per cent. The year-to-year growth in CPI fell by 0.4 percentage points from April to May. The year-to-year growth in the CPI-ATE was 0.7 per cent in May, down from 0.8 per cent in April.

No change in the CPI from April to May

Consumer prices, on the average, did not change from April to May.

The most important impulse to price increase from April to May came from food items, with a price increase of 0.8 per cent. It was mainly fresh vegetables and fruit that contributed to the price increase. Petrol prices had also an upward effect on the CPI, with an increase of 1.5 per cent from April.

Electricity tariffs contributed in the opposite direction, falling by 2.4 per cent from April to May.

Energy products pulled up the CPI in the last 12 months

CPI increased by 2.3 per cent from May 2005 to May 2006. The greatest contribution came from energy products, where electricity tariffs increased by 25.3 per cent and petrol prices rose by 11.6 per cent. Prices of other fuels also showed strong price increases in the last 12 months.

With price increases of 2.5 and 2.4 per cent respectively, actual and imputed rentals also had an upward effect on the CPI growth in the last 12 months. Services connected to recreation and culture as well as health services contributed in the same direction, increasing by 5.6 and 8.4 per cent respectively from May 2005 to May 2006.

In the opposite direction, audiovisual equipments contributed to dampen the CPI growth with a price fall of 8.2 per cent from May 2005 to May 2006. Kindergarten fees also pulled the general price growth down.

Decrease in the year-to-year growth

The year-to-year growth decreased from 2.7 per cent in April to 2.3 per cent in May. The decrease is mainly due to the development of electricity tariffs which decreased in May this year compared to an increase in May last year. Telephone equipments also contributed to the decrease in the year-to-year growth with a price fall in May this year compared to a strong increase at the same time last year.

The year-to-year growth in CPI-ATE was 0.7 per cent in May 2006, a decrease of 0.1 percentage points from April. The year-to-year growth in the CPI adjusted for tax changes (CPI-AT) went from 2.6 per cent in April to 2.1 per cent in May.

The Consumer Price Index. 1998 = 100
  Weights Index Change in per cent
  August 2005-
July 2006 		May 2006 April 2006-
May 2006 		May 2005-
May 2006 		January-May 2005-
January-May 2006
CPI All-item index 1 000.0  117.9 - 2.3 2.4
Food and non-alcoholic beverages  117.4  109.8 0.6 1.4 1.1
Alcoholic beverages and tobacco 29.9  128.9 0.3 1.9 1.5
Clothing and footwear 59.2 70.5 0.7 -1.4 -1.7
Housing, water, electricity, fuels  260.2  139.8 -0.4 6.0 5.6
Furnishings household equipment 69.6 98.6 -0.1 -2.0 -1.4
Health 28.1  133.6 - 3.7 4.1
Transport  173.1  125.2 0.4 3.6 3.8
Communications 27.3 84.7 -1.4 1.2 4.2
Recreation and culture  124.5  107.1 -0.3 0.4 0.3
Education 3.2  145.5 - 2.2 2.2
Restaurants and hotels 38.6  127.4 0.1 2.4 2.5
Miscellaneous goods and services 68.9  120.5 - -1.3 -1.3
           
CPI-AE    113.7 0.1 1.0 1.1
CPI-AT    115.3 - 2.1 2.1
CPI-ATE    111.0 0.1 0.7 0.8