Slight change in the Consumer Price Index

The Consumer Price Index (CPI) in Norway increased by 2.3 per cent from January 2013 to January 2014. From December 2013 to January 2014, the CPI remained unchanged.

 

Among the consumer groups that pulled the CPI up, food and non-alcoholic beverages were the main contributors with a combined price increase of 1.0 per cent. The prices of purchase of vehicles showed an increase of 1.8 per cent during this period, which can partly be explained by tax changes for cars as of 1 January 2014.

From December 2013 to January 2014, both actual and imputed rentals of owner-occupiers rose by 0.6 per cent. The prices of maintenance and repair of personal transport equipment and recreational and cultural services showed price increases of 1.1 and 1.9 per cent respectively. In the same period, the prices of financial services n.e.c. increased by 1.6 per cent. Other consumption groups that pulled the CPI up were alcoholic beverages and tobacco, together with social protection services.

Prices of clothing and footwear showed a combined price fall of 4.9 per cent from December 2013 to January 2014, thus pulling the CPI in the opposite direction. The lower prices on clothing and footwear were mainly caused by seasonal sales activity.

Airfares showed a price fall of 18.0 per cent in the same period. Prices of furniture and furnishings decreased by 5.2 per cent, mainly due to sales activity.

From December 2013 to January 2014, prices of package holidays and books decreased by 6.0 and 10.9 per cent respectively. The prices of package holidays are measured quarterly.  

(NRK/Press release)

 

Norway

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