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CPI up 0.9 per cent
statistikk
2011-10-10T10:00:00.000Z
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 September 2011

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CPI up 0.9 per cent

The CPI rose by 0.9 per cent from August to September 2011, mainly due to increased prices of clothing. The CPI rose by 1.6 per cent from September 2010 to September 2011, while the CPI-ATE increased by 1.2 per cent in the same period.

Consumer price index. 1998 = 100

The Consumer price index (CPI) was 130.6 (1998=100) as per September 2011, compared with 128.6 in September 2010. This was equivalent to a year-to-year growth of 1.6 per cent in September 2011, up 0.3 percentage points from the previous month. The year-to year growth in the CPI-ATE was 1.2 per cent in September 2011, up 0.4 percentage points from August.

Strong growth in the prices of clothing

The CPI rose by 0.9 per cent from August to September 2011. The prices of clothing contributed the most, with an increase of 12.5 per cent. The strong growth can be explained by new arrivals in the stores. Each and all categories within clothing indicated increased prices and then particularly a strong growth for women’s clothing. The prices of clothing indicated no change from September 2010 to September 2011. Also the prices of footwear went up this month by 6.5 per cent.

The prices of food and non-alcoholic beverages rose by 1.1 per cent from August to September 2011. After various campaign sales, the prices especially increased in September for the groups processed fish, cheese and sodas. In the same period, the prices of airlines fares increased by 19.0 per cent, due to higher prices on foreign destinations. The prices of airline fares rose by 3.2 per cent in the last twelve months. The prices of furniture also increased in September, as a consequence of sales last month.

In the opposite direction, the prices of electricity including grid rent declined by 6.0 per cent from August to September 2011.

CPI up 1.6 per cent the last twelve months

The CPI rose by 1.6 per cent from September 2010 to September 2011. The main contributors were the prices of fuel and lubricants together with alcoholic beverages and tobacco, with increases of 11.6 and 7.0 per cent respectively. Among other consumption groups that showed a rise in prices in the last twelve months were restaurant services, non-alcoholic beverages and goods and services in personal care.

The year-to-year growth in the CPI was dampened by declined prices of audiovisual equipment of 7.5 per cent.

An increase in the year-to-year growth

The year-to-year growth in the CPI went up by 0.3 percentage points from August to September, from 1.3 in August to 1.6 in September. The main cause was that the prices of clothing and footwear together with food and non-alcoholic beverages rose more from August to September in 2011 compared to the same period in 2010. The prices of clothing and footwear rose by 11.4 per cent from August to September this year compared to an increase by 6.6 per cent last year. The prices of food and non-alcoholic beverages went up by 1.1 per cent from August to September this year, as opposed to an increase of 0.3 per cent in the same period last year.

The Consumer Price Index. 1998 = 100
 
  Weights
January 2011-
December 2011		   Index
September
2011		 Change in per cent
     August 2011-
September 2011		    September 2010-
September 2011		    January-September 2010-
January-September 2011
 
CPI All-item index 1 000.0  130.6 0.9 1.6 1.5
Food and non-alcoholic beverages  133.1  123.7 1.1 0.6 -0.2
Alcoholic beverages and tobacco 42.3  158.3 0.2 7.0 6.2
Clothing and footwear 56.8 57.6 11.4 -0.3 -3.7
Housing, water, electricity, fuels  214.9  157.8 -0.7 - 1.8
Furnishings household equipment 60.2  105.9 1.6 -0.7 -0.8
Health 30.0  154.6 0.1 2.1 2.3
Transport  133.7  140.8 1.1 3.1 2.7
Communications 27.5 71.6 0.3 -0.8 -2.2
Recreation and culture  134.8  115.2 - -0.8 -0.1
Education 2.7  173.5 4.0 4.0 2.4
Restaurants and hotels 50.3  156.2 0.6 2.9 2.8
Miscellaneous goods and services  113.8  141.3 0.1 3.0 2.8
           
CPI-AE ..  125.1 1.1 1.3 1.1
CPI-AT ..  127.3 1.0 1.4 1.3
CPI-ATE ..  121.9 1.2 1.2 0.9
CPI-ATE seasonal adjusted ..  121.5 0.3    
 

New method for the treatment of the seasonal products

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 in turn causes a shortening of the winter season (September-February). The effect from July to August 2011 of these changes is estimated to pull the total CPI slightly down. From August to September 2011, this effect is almost offset.

 

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