Key figures for prices and price indices
Price indices and price level indices are used to measure price changes over time and space. A price index is a useful tool for forming an overview of the Norwegian economy.
| Change in % previous period | Change in % from corresponding period previous year | Change in % last 5 years | Period | |
|---|---|---|---|---|
| Consumer price index | -0.3 | 2.1 | 9.3 | August 2014 |
| Consumer Price Index adjusted for changes in indirect tax and excluding energy goods (CPI-ATE) | -0.5 | 2.2 | 8.2 | August 2014 |
| Producer Price Index | -0.7 | -3.3 | 30.7 | August 2014 |
| Construction Cost Index (residential) | 0.2 | 3.3 | 17.5 | August 2014 |
| Price Index of First-hand Domestic Sales | -0.2 | 1.1 | 12.0 | August 2014 |
| House Price Index | 3.8 | 1.4 | 34.2 | 2nd quarter 2014 |
| Construction Cost Index (roads) | 0.5 | 2.1 | 18.4 | 2nd quarter 2014 |
The Consumer Price Index (CPI) describes the monthly price developments of goods and services for private households in Norway. The percentual change in the CPI is a measure of inflation. The CPI-ATE is derived from the CPI and is a measure of the underlying consumer price growth. The CPI-ATE is the CPI adjusted for changes in indirect tax and excluding energy goods.
There is also the Harmonized Consumer Price Index , which is used to compare price changes between countries, and the European Purchasing Power Parity (PPP), which shows the differences in price levels between countries.
The House Price Index measures the average change in value of all housing in Norway. The Price Index for New Detached Houses measures developments in housebuilders’ house prices including VAT.
The construction cost indices measure the total price development in materials, labour, machinery and other factors involved in building and construction activity.
The producer price indices measure the average changes in the prices that domestic producers are paid for the goods or services they sell to the Norwegian and foreign markets.
The Price Index of First-hand Domestic Sales (PIF) measures the price changes of various goods in the domestic and import markets at the point of their first transaction in Norway.
Separate price indices are produced for the import and export of goods , and these are partly based on information from customs declarations.
Price indices
Price index is a generic term for an index that shows how prices change over a specific period of time. Price indices use a base year, which is given the value of 100. The prices are then registered as percentual changes over time.
Price level indices do not show developments over time, but compare prices between countries at a specific point in time.
Price indices are used to plan government activities, in contracts, wage negotiations and the preparation of national accounts, for example.
Calculators for calculating price changes
