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158034
HICP up 0.1 per cent
statistikk
2014-06-10T10:00:00.000Z
Prices and price indices;Income and consumption
en
hkpi, Harmonized index of consumer prices, HCPI, inflation, EU countries, EEA countries, price trends, price increases, 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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Harmonized index of consumer prices, May 2014

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HICP up 0.1 per cent

The harmonized index of consumer prices (HICP) for Norway increased 0.1 per cent from April to May 2014. Higher prices of food and non-alcoholic beverages contributed to pulling the HICP up, while lower prices of newspapers, books and stationery pulled the HICP in the opposite direction.

Harmonized indices of consumer prices for Norway and other selected countries. Change in per cent1Published 10 June 2014
Harmonized indices of consumer prices, 12 month change
March 2014April 20141May 20141
1Values with an asterisk are provisional or preliminary.
Norway1.81.51.6
Iceland0.91.3...
Sweden-0.40.3...
Denmark0.20.5...
Finland1.31.3...
Germany0.91.1...
United Kingdom1.6......
EEA0.60.8...
EU0.60.8...
Euro area0.50.70.5

Source: Statistics Norway

Figure 1. Harmonised index of consumer prices. Percentage change from the same month one year before

The HICP for Norway was 117.9 (2005=100) in May 2014, compared to 116.0 the same month in the previous year. The year-to-year growth was 1.6 per cent in May, up 0.1 percentage point from April.

See the consumer price index for more details about the May figures.

EU, EEA and the euro area

Preliminary data for April 2014 show that the HICP was 121.1 (2005=100) for both the EU and the EEA, while the HICP for the euro area was 118.2 (2005=100). The preliminary year-to-year growth in the HICP for April was 0.8 per cent for the EU and the EEA. In the euro area, the preliminary year-to-year growth was 0.7 per cent in April. The year-to-year growth for May 2014 in the euro area is estimated at 0.5 per cent.

Detailed figures for May will be published on Eurostat’s website on 16 June.

New index based on the HICPOpen and readClose

A new indicator derived from the HICP has been developed, and is known as the harmonized index of consumer prices with constant taxes (HICP-CT). HICP-CT was established in 2014, with indices dating back to January 2013. As of 10 June, the HICP-CT will be published in Statbank. Statistics Norway already calculates and publishes a national CPI adjusted for tax rates changes (CPI-AT), but the calculation method for this indicator deviates from Eurostat’s framework for the HICP-CT. The main difference between these two indicators stems from how tax changes are treated - the HICP-CT adjusts for nominal tax changes while the CPI-AT adjusts for the real tax change.