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Slight increase in CPI in November
statistikk
2016-12-09T08:00:00.000Z
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 November 2016 was 0.2 per cent higher than the previous month.

Consumer price index, November 2016

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From the January index, which will be published on 10. February 2017, the CPI reference year will change to 2015 (2015=100). This also applies to CPI-AT, CPI-ATE and other series.

Slight increase in CPI in November

The Consumer Price Index (CPI) rose 0.2 per cent from October to November. The year-to-year growth in the CPI was 3.5 per cent in November, down 0.2 percentage points from October.

Consumer Price Index 1998=100Published 9 December 2016
Monthly change (per cent)12-month rate (per cent)Index
October 2016 - November 2016November 2015 - November 2016November 2016
CPI All-item index0.23.5146.7
Food and non-alcoholic beverages-0.91.6137.0
Housing, water, electricity, gas and other fuels1.56.0183.0
Transport-0.32.6154.5
Recreation and culture0.54.5131.0
Clothing and footwear0.94.459.1
 
CPI-ATE (July 1999 = 100)-0.12.6136.3
 
CPI by delivery sector
(December 2014 = 100)
Consumer goods0.54.1107.6
Services0.03.0105.3
Services where labor dominates-0.23.0106.2

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 2.6 per cent in November, down 0.3 percentage points from October. The CPI was 146.7 (1998=100) in November 2016, compared to 141.7 in November 2015, which corresponds to a year-to-year growth of 3.5 per cent.

Monthly change: sharp rise in energy prices

From October to November, the CPI increased 0.2 per cent. The main reason for the rise in CPI was increased prices of energy goods. Electricity prices including grid rent rose 8.2 per cent. Prices on auto diesel and petrol rose by 4.5 and 2.7 per cent respectively. The CPI excluding energy products (CPI-AE) fell 0.1 per cent from October to November.

Prices on food fell 1.0 per cent from October to November. The food price index is currently at the same level as in June after falling for four consecutive months. It was especially fruit and vegetables that showed the strongest price decreases. Prices on imported agricultural products fell 4.7 per cent, while Norwegian agricultural products showed only a minor decrease from last month.

Year-to-year growth: still increasing electricity prices

From November 2015 to November 2016, the CPI grew 3.5 per cent. Higher electricity prices were the main contributor to the year-to-year growth; prices on electricity including grid rent showed a year-to-year increase of 31.4 per cent in November. The CPI excluding electricity (CPI-AEL) increased by 2.7 per cent from November 2015 to November 2016. Hence electricity prices pulled the year-to-year growth in the CPI up by 0.8 percentage points.

A fall in imported agricultural products dampened the year-to-year growth. Fruit showed a price fall of 9.0 per cent from November 2015 to November 2016. This is the weakest year-to-year change measured since June 2008. Prices on vegetables fell 2.8 per cent in the last twelve months.

Change in the year-to-year growth: reduced growth rate

The year-to-year growth in the CPI fell from 3.7 in October to 3.5 per cent in November. The main contributor to the falling growth rate was the price development on food and furniture and furnishings. Food prices fell 1.0 per cent from October to November 2016, while rising 0.7 per cent in the same period in 2015. Prices on furniture and furnishings fell 4.0 per cent in November this year, while falling 0.5 per cent in the same period last year.

The price development on electricity pulled the year-to-year growth in the CPI in the opposite direction. The year-to-year growth in the CPI-ATE was 2.6 per cent in November, down 0.2 percentage points from October.

New detailed consumer classification, ECOICOPOpen and readClose

The CPI adopted Eurostat’s new detailed 5-digit consumer classification, ECOICOP in January 2016. Statistics Norway has published unofficial 5 and 6-digit COICOP indices for the consumer group Food and non-alcoholic beverages up until January 2016. As a result of a discrepancy between the unofficial and the new official ECOICOP, some previously published indices are no longer available. This results in new names for some of the published groups.

See the new names here.

Representative goods and services in the CPI by delivery sectorOpen and readClose

Here is the detailed list of representative goods and services in the CPI by delivery sector. The list will not be automatically updated