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Continued decrease in CPI
statistikk
2011-09-09T10:00:00.000Z
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 August 2011

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Continued decrease in CPI

The CPI fell by 0.6 per cent from July to August 2011, mainly due to price falls in food and airline fares. The CPI rose by 1.3 per cent from August 2010 to August 2011, while the CPI-ATE increased by 0.8 per cent in the same period.

Consumer price index. 1998=100

The Consumer price index (CPI) was 129.4 (1998=100) as per August 2011, compared with 127.8 in August 2010. This was equivalent to a year-to-year growth of 1.3 per cent in August 2011, down 0.3 percentage points from the previous month. The year-to year growth in the CPI-ATE was 0.8 per cent in August 2011, down 0.4 percentage points from July.

Price decreases in food and airline fares from July to August

Prices of food and non-alcoholic beverages went down by 1.7 per cent from July to August 2011. A price decline was registered in all food groups except fruit. Prices of fish and vegetables decreased the most. The price decline for fish is due to sales of frozen fish products such as cod, coalfish and shellfish, while the decline in the price of vegetables is ascribable to seasonal variation. Price falls were also measured for coffee, soft drinks and juice. The decline in the CPI was also affected by a fall of 17.8 per cent in airline fares.

Prices of clothing fell by 1.8 per cent. The seasonal sales have continued into August, but this was dampened by the introduction of new clothes in the stores. Price declines for furniture were also registered as a consequence of sales in August.

Imputed rentals for housing, together with an increase in the prices of hotel services pulled in the opposite direction.

CPI up 1.3 per cent the last twelve months

The CPI rose by 1.3 per cent from August 2010 to August 2011. The consumption groups that contributed most to the rise were prices of fuel and lubricants, together with imputed rentals for owner-occupiers, with increases of 11.8 and 2.0 per cent respectively. Prices of non-alcoholic beverages together with alcoholic beverages and tobacco rose by 7.4 and 6.8 per cent respectively.

The year-to-year growth in CPI was dampened by prices of audiovisual equipment, clothing and food being lower in August this year than in August last year.

Decrease in the year-to-year growth

The year-to-year growth in the CPI went down by 0.3 percentage points from July to August. The main causes were the development of prices of food and non-alcoholic beverages, which decreased more from July to August this year than in the corresponding period last year. Prices in this consumption group decreased by 1.7 per cent from July to August, while the decrease was only 0.2 per cent for the same period in 2010.

The year-to-year growth in the CPI-ATE was 0.8 per cent in August 2011, down 0.4 percentage points from July.

The Consumer Price Index. 1998=100
 
  Weights Index Change in per cent
  January 2011-
December 2011		 August 2011 July 2011-
August 2011		 August 2010-
August 2011		 January-August 2010-
January-August 2011
 
CPI All-item index 1 000.0  129.4 -0.6 1.3 1.5
Food and non-alcoholic beverages  133.1  122.3 -1.7 -0.2 -0.3
Alcoholic beverages and tobacco 42.3  158.0 0.1 6.8 6.2
Clothing and footwear 56.8 51.7 -1.7 -4.6 -4.2
Housing, water, electricity, fuels  214.9  158.9 -0.1 1.1 2.0
Furnishings household equipment 60.2  104.2 -1.5 -1.1 -0.8
Health 30.0  154.5 0.5 1.9 2.4
Transport  133.7  139.3 -1.4 2.4 2.6
Communications 27.5 71.4 -0.1 -1.2 -2.5
Recreation and culture  134.8  115.2 -0.3 -0.9 0.1
Education 2.7  166.8 - 2.3 2.3
Restaurants and hotels 50.3  155.3 0.6 3.1 2.9
Miscellaneous goods and services  113.8  141.2 0.1 2.5 2.7
           
CPI-AE ..  123.7 -0.6 0.8 1.1
CPI-AT ..  126.1 -0.6 1.2 1.3
CPI-ATE ..  120.5 -0.6 0.8 0.9
CPI-ATE sesonal adjusted ..  121.1 -0.2    
 

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