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Strong growth in CPI
statistikk
2010-03-10T10:00:00.000Z
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 index15 February 2010

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Strong growth in CPI

The CPI increased by 1.3 per cent from January to February 2010. The prices on electricity including grid tariff contributed most to the growth. The CPI rose by 3.0 per cent from February 2009 to February 2010, while CPI-ATE increased by 1.9 per cent in the same period.

Consumer price index. 1998 = 100

The consumer price index (CPI) was 128.7 (1998=100) per February 2010, compared to 125.0 at the same time in 2009. This corresponds to a year-to-year growth of 3.0 per cent in February 2010, up from 2.5 per cent the previous month. The year-to year growth in the CPI-ATE was 1.9 per cent in February 2010, compared to 2.3 per cent in the previous month.

Electricity caused high CPI growth

The CPI went up by 1.3 per cent from January to February 2010. The increase in electricity prices including grid tariff, of 16.5 per cent, accounted for more that half of the rise. Airline fares increased by 27.2 per cent in February, while imputed rentals for households went up by 0.7 per cent. Following sales in January, the prices of furniture and furnishing rose in February. Prices on food, especially dairy products, also contributed to the growth in the CPI

The monthly growth in February was slightly dampened by a fall in book prices, of 4.5 per cent.

Consumer prices has risen by 3.0 per cent the last twelve months

The CPI rose from 2.5 per cent in January to 3.0 per cent in February 2010.

The increase of 21.1 per cent in prices on electricity included grid tariff was an important factor behind the year-to-year growth. Imputed rentals for households and prices on fuels rose by 3.2 and 12.0 per cent respectively, while prices of recreational and cultural services, catering services, package holidays and books also contributed to the growth.

Decline in prices on clothes, furniture, furnishings and decorations, carpets and other floor coverings together with audio-visual equipment has had a dampening effect on the growth the past twelve months.

The 0.5 per cent rise in the year-to-year growth in the CPI was mainly caused by an increase in electricity prices of 16.5 per cent from January to February this year. In comparison, the electricity prices decreased by 4.2 per cent in the same period last year. Change in the course of prices on airline fares and imputed rentals for households also contributed to the year-to-year growth.

The year-to-year growth in the CPI-ATE declined 0.4 percentage point, from 2.3 per cent in January to 1.9 per cent in February 2010. This development can be seen in relation to a sharper increase in prices on food and clothes from January to February in 2009 than in the same period this year.

The Consumer Price Index. 1998 = 100
 
  Weights Index Change in per cent
  August 2009-
July 2010
     February
2010
    January 2010-
February 2010
February 2009-
February 2010
January-February 2009-
January-February 2010
 
CPI All-item index 1 000.0  128.7 1.3 3.0 2.7
Food and non-alcoholic beverages  114.4  122.3 0.7 0.5 1.4
Alcoholic beverages and tobacco 25.5  147.4 0.3 3.6 3.8
Clothing and footwear 56.3 56.5 0.4 -2.9 -0.9
Housing, water, electricity, fuels  304.7  160.1 2.6 5.6 4.0
Furnishings household equipment 61.8  106.5 1.6 -0.3 0.2
Health 26.1  149.8 0.5 3.2 3.0
Transport  172.1  136.7 1.0 3.0 2.8
Communications 22.7 73.4 -0.1 -2.3 -1.2
Recreation and culture  120.6  115.5 0.1 3.3 3.5
Education 2.4  163.1 - 3.3 3.3
Restaurants and hotels 35.3  148.8 0.5 3.3 3.0
Miscellaneous goods and services 58.1  136.0 0.5 3.5 3.7
           
CPI-AE    122.6 0.6 1.8 2.1
CPI-AT    125.6 1.3 3.0 2.8
CPI-ATE    119.6 0.7 1.9 2.1
CPI-ATE sesonal adjusted    119.8 0.1    
 

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