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Higher prices on clothing pushed up CPI
statistikk
2015-10-09T10:00:00.000Z
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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The Consumer Price Index (CPI) shows the price development and inflation for goods and services. The CPI for September 2015 was 0.6 per cent higher than the previous month.

Consumer price index, September 2015

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Higher prices on clothing pushed up CPI

The Consumer Price Index (CPI) increased 0.6 per cent from August to September 2015, mostly due to higher prices on food, electricity and furniture. Lower fuel prices dampened the CPI increase. The year-to-year growth in the CPI was 2.1 per cent in September, up 0.1 percentage point from August.

Consumer Price Index 1998=100Published 9 October 2015
Monthly change (per cent)12-month rate (per cent)Index
August 2015 - September 2015September 2014 - September 2015September 2015
CPI All-item index0.62.1140.6
Food and non-alcoholic beverages0.24.2135.3
Housing, water, electricity, gas and other fuels0.6-0.4169.1
Transport-0.50.4151.1
Recreation and culture0.43.7124.0
Clothing and footwear5.33.455.4
 
CPI-ATE (july 1999 = 100)0.83.1132.4
 
CPI by delivery sector
Other consumer goods produced in Norway0.6-3.0160.2
Imported consumer goods1.73.994.8
Other services with wages as dominating price factor0.22.7217.3

Source: Statistics Norway

Figure 1. Consumer Price Index. Percentage change from the same month one year before

The year-to-year CPI-ATE growth was 3.1 per cent in September. The CPI was 140.6 (1998=100) in September 2015, compared to 137.7 in September 2014, which corresponds to a year-to-year growth of 2.1 per cent.

Monthly change: price increase on clothing

The CPI rose 0.6 per cent from August to September, mostly due to higher prices on clothing. Prices on clothes increased 5.8 per cent. The price increase was normal as it is the end of seasonal sales activity combined with the introduction of the autumn and winter collection. Electricity prices including grid rent rose 3.6 per cent from August to September. Prices on furniture and furnishings increased 4.2 per cent in the same period.

The monthly increase in the CPI was mainly dampened by the decline in petrol prices. Petrol prices fell for the second month in a row, and prices are down 8.2 per cent since July.

Year-to-year growth: price growth on food items continues

The CPI rose 2.1 per cent from September 2014 to September 2015. The most important factor was that prices of food and non-alcoholic beverages rose by 4.2 per cent over the past twelve months. Food prices alone increased 4.1 per cent, mainly due to higher prices on fruit, sugar commodities and chocolate items.

Other important factors contributing to the positive year-to-year growth were higher imputed rentals for home owners, and increased prices on furniture and clothing.

Prices on electricity are significantly lower in September this year than at the same time last year, thus dampening the year-to-year growth. Lower prices on fuels and telephone services also contributed to dampen the growth in the CPI over the last twelve months.

Change in the year-to-year growth: slightly up from August to September

The year-to-year growth in the CPI increased from 2.0 per cent in August to 2.1 per cent in September. The increased growth rate was mainly due to the development in food prices, which rose 0.3 per cent from August to September this year, while falling 0.9 per cent in the same period last year.

The price development of fuel pulled in the opposite direction, as they fell significantly more from August to September in 2015 than in the same period in 2014.

The year-to-year growth in the CPI-ATE was 3.1 per cent in September; up 0.2 percentage points from August. This was mainly due to the aforementioned development in food prices.