Producer and wholesale price indices

The prices Norwegian manufacturing producers receive for their goods remain higher than a year ago. However, in recent months, the rate of price increase has slowed. This trend applies to both exports and goods sold within Norway.

In February, the producer price index fell for the fourth month in a row, down 2.5 per cent, mainly due to lower prices on energy goods.

Energy goods prices continued to fall in 2024, meaning that energy prices have decreased for the third month in a row. As a result of this the producer price index saw a price decrease equal to 3.2 per cent in January. Whereas manufacturing prices increased this month.

Prices within manufacturing continued to rise from 2022 to 2023, but the growth was considerably lower than the preceding two years. The industries of food, mineral products and fabricated metal products all saw price increases in 2023.

Prices within manufacturing rose by 0.6 per cent in November. This was the third month in as row with increasing prices. The total producer price index (PPI) however fell by 0.3 per cent in the same period.

The producer price index (PPI) rose by 5.2 per cent in October. The rise was mainly due to higher prices on energy goods and higher prices on support activities for petroleum and natural gas extraction. In addition, manufacturing also had a broad price rise in October.

The prices of oil, gas, and refined petroleum products increased for the second consecutive month from August to September. Prices of energy goods increased by 9.2 per cent.

The producer prices index (PPI) rose by 4.8 percent in August due to higher prices on energy goods. The price decrease in manufacturing, which started in April, continued in August.

The producer prices in the manufacturing sector fell by 0.6 percent from June to July. This was the third month in a row with price fall in manufacturing. At the same time, prices took a downturn in extraction of crude oil and natural gas, which further pulled the Producer Price Index (PPI) down.

The producer price index (PPI) increased by 0,3 percent from May to June. The increase mainly came from higher prices within extraction of oil and natural gas as well as from the food industry.

Energy prices in the Producer price index (PPI) went down by 14.8 percent from April to May. The downturn resulted in the total index falling by 8.3 percent. Prices in the food industry fell by 0.2 percent.

The Producer Price Index rose by 0.8 percent from March to April 2023. The largest contributor was crude oil, but also higher prices within food products brought the PPI up in April.

The Producer Price Index decreased by 3.5 percent from February to March 2023, where the decreased prices for natural gas was the largest contributor to the downturn. Manufacturing had a small increase, where the food industry stood for the largest contribution.

The Producer Price Index decreased by 2.9 percent in February 2023. The largest contributions to the downturn came from electricity, gas and steam as well as from natural gas. The oil price and prices on refined petroleum products contributed in the opposite direction

The Producer Price Index decreased by 17.3 percent in January 2023. This is the biggest decline measured from one month to the next in the producer price index in this millennium. The largest contributions to the downturn came from electricity and natural gas.

The Producer Price Index (PPI) rose by 51.9 percent in 2022. This was caused by heavy price surge on energy goods, and a large price increase in the manufacturing industries. PPI increased by 4.9 percent in December 2022.

The prices of gas, electricity and refined petroleum products all increased relatively much in November. This resulted in energy prices overall in the PPI rising by 9.6 per cent.

Prices on natural gas fell sharply in October and pulled down the index of extraction of oil and gas with 31.8 per cent from September. The index of electricity, gas and steam had a significant drop as well, while the manufacturing prices increased after two months with price decreases.

The producer prices in the manufacturing sector fell by 1.8 percent from August to September. This was the second month in a row with price fall in manufacturing. At the same time, prices took a downturn in extraction of crude oil and natural gas, which further pulled the Producer Price Index (PPI) down.

The producer price index (PPI) rose by 8.2 percent from July to August. The prices on energy goods increased by 13.4 percent, which was the main cause of the total increase. The prices on manufacturing fell by 1.6 percent.

The producer price index (PPI) rose by 7.5 per cent in July, thus continuing the rise that began in May. A major surge in the price of natural gas, as well as a broad price rise in the food industry contributed to the upturn.

The producer price index (PPI) grew with 7,2 per cent in June. Large price increases on fossil fuel pulled the index upwards, while a price decline in the metal industry reduced the force of the upturn to some degree.

The Producer Price Index (PPI) made a turnaround in May with an increase of 1.7 percent, after the large drop in April. The total price increase comes mainly from manufacturing, with the food industry as the largest contributor.

Lower prices on natural gas, in particular, led to a 7.2 per cent drop in the Producer Price Index (PPI) from March to April. Prices continued to rise for most of the manufacturing industries, with higher prices on petroleum and petroleum products and basic metals among the contributors.

Heavily driven by large jumps in prices on energy goods, the Producer Price Index (PPI) rose by 16.9 percent from February to March. The price increase for most of the manufacturing industries continues, with rising prices on food products and basic metals amongst the contributors.

The index for manufacturing rose with 3.4 percent from January to February. Prices for manufacturing of refined petroleum products rose with 9.4 percent and was the largest contributor to the total increase in manufacturing.

The Producer Price Index (PPI) decreased in January by 1.2 per cent. It is the first time since March 2021 that the index sinks. The decrease is primarily a result of reduced prices on electricity and natural gas. The downturn was dampened by an increase in prices on manufacturing.

The Producer Price Index (PPI) increased by 8.1 percent from November to December. Increased prices on natural gas and electricity stood for a large part of the increase. For manufacturing, there was a moderate increase in December.

Increased prices within energy goods made a strong contribution to the Producer Price Index (PPI) increase of 3,0 per cent from October to November. Particularly electricity, gas and steam and refined petroleum products had a large impact.

Price increase within extraction of crude oil and natural gas made a strong contribution to the Producer Price Index (PPI) increase of 6.2 per cent from September to October. The manufacture of basic metals also contributed to the increase.

The producer price index (PPI) continued to rise in September. Higher prices within extraction of crude oil and natural gas, as well as within electricity, gas and steam had the greatest impact.

The price on extraction of crude oil and natural gas increased by 9.8 per cent from July to August. The price of electricity, gas and steam, refined petroleum products and basic metals also increased.

Prices of refined oil products and metals increased by 9.5 and 5.8 per cent, respectively, from June to July.

The producer price index (PPI) went up by 4.6 percent in June. The price increase is mainly a result of increased prices on extraction of crude oil and natural gas. Manufacturing, on the other hand, had only a small increase in prices.

The producer price index (PPI) went up by 2.8 per cent in May. The price increase is mainly a result of increased prices on extraction of crude oil and natural gas as well as electricity. Metals also contributed strongly to the increase.