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53809
CPI up 0.3 per cent
statistikk
2011-04-11T10:00:00.000Z
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 March 2011

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CPI up 0.3 per cent

The CPI increased by 0.3 per cent from February to March 2011, mainly due to higher prices on clothing and footwear. The CPI rose by 1.0 per cent from March 2010 to March 2011, while CPI-ATE increased by 0.8 per cent in the same period.

Consumer price index. 1998 = 100

The Consumer price index (CPI) was 130.6 (1998=100) per March 2011, compared with 129.3 in the corresponding period in 2010. This was equivalent to a year-to-year growth of 1.0 per cent in March 2011, down from 1.2 per cent in February. The year-to year growth in the CPI-ATE was 0.8 per cent in March 2011, unchanged from February.

Higher prices on clothing and footwear behind increase in CPI

The CPI rose 0.3 per cent from February to March 2011. It was mainly the prices on clothing and footwear that contributed, with an increase of 7.3 per cent. One of the reasons for the rise in prices in March was new product arrivals in stores after a sales period. Despite the strong growth, prices were still not back to the level before the sales in December and January.

The prices on fuel and lubricants rose by 3.3 per cent from February to March 2011.

The prices on electricity including grid rent dampened the increase in the CPI, with a fall of 3.0 per cent. As a consequence of lower prices on meat, fish and vegetables, the prices on food decreased by 0.9 per cent.

The CPI increased by 1.0 per cent the last twelve months

The CPI rose by 1.0 per cent from March 2010 to March 2011. Imputed rentals for owner-occupiers, together with the prices on tobacco and alcohol, contributed the most, with increases of 2.1 and 6.0 per cent respectively. The prices on fuel and lubricants grew 9.7 per cent in the same period. Other consumer groups that showed increased prices from March 2010 to March 2011 were recreational and cultural services, restaurant services, non-alcoholic beverages together with newspapers and books.

The prices on electricity including grid rent together with audiovisual equipment fell by 6.0 and 6.8 per cent from March 2010 to March 2011. In addition, airline fares and food prices also decreased in the period.

Low decrease in the year-to-year growth

The year-to-year growth in the CPI fell by 0.2 percentage points, down from 1.2 per cent in February to 1.0 per cent in March. The main cause was a fall in the electricity prices including grid rent by 3.0 per cent from February to March this year, compared to a rise of 5.4 per cent in the corresponding month last year. Simultaneously, the prices on food fell from February to March this year, while the prices were unchanged in the corresponding period last year.

The prices on clothing and footwear dampened the decrease in the year-to-year growth, with a greater rise in March this year compared to last year.

The year-to year growth in the CPI-ATE was 0.8 per cent in March 2011, unchanged from February.

From January 2011, a new method for the treatment of the seasonal products in the CPI and HCPI was implemented, see commission regulation . The new method entails minor changes compared to the previous method. The main change is the imputation of a “normal” price the first month out-of-season. The seasonal period for clothing and footwear is also adjusted by extending the summer season from March to August compared to the previous period from March to July. This again causes a shortening of the winter season (September-February). The effects from February to March 2011 of these changes are estimated to pull the total CPI up, by less than 0.1 percentage point.
The Consumer Price Index. 1998=100
 
  Weights Index Change in per cent
  January 2011-
December 2011		 March 2011 February 2011-
March 2011		 Mars 2010-
March 2011		 January-March 2010-
January-March 2011
 
CPI All-item index 1 000.0  130.6 0.3 1.0 1.4
Food and non-alcoholic beverages  133.1  122.0 -0.7 -0.3 -0.5
Alcoholic beverages and tobacco 42.3  156.4 0.1 6.0 6.0
Clothing and footwear 56.8 57.3 7.3 -1.0 -4.4
Housing, water, electricity, fuels  214.9  163.0 -0.4 0.7 3.0
Furnishings household equipment 60.2  106.1 0.1 -1.6 -1.1
Health 30.0  153.6 - 2.2 2.6
Transport  133.7  139.4 0.2 1.5 1.7
Communications 27.5 70.9 -0.1 -3.0 -3.1
Recreation and culture  134.8  115.1 -0.1 1.1 0.5
Education 2.7  166.8 - 2.3 2.3
Restaurants and hotels 50.3  153.4 0.5 2.7 2.8
Miscellaneous goods and services  113.8  139.6 0.1 2.5 2.7
           
CPI-AE ..  124.0 0.2 1.1 0.9
CPI-AT ..  127.3 0.3 0.8 1.2
CPI-ATE ..  120.8 0.2 0.8 0.8
CPI-ATE seasonal adjusted ..  130.0 0.1    
 

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