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12694
Prices of mineral fuels down
statistikk
2000-05-10T10:00:00.000Z
Prices and price indices
en
pif, Price index of first-hand domestic sales, price trends, inflation, wholesale price index, domestic market, import market, product groups (for example food, chemical products, machines)Producer and wholesale price indices, Prices and price indices
false

Price index of first-hand domestic sales, 15 April 2000

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Prices of mineral fuels down

The group mineral fuels was the only group that showed negative growth compared with last month. Nevertheless the magnitude of the change caused the total index to decrease by 0.4 per cent.

Mineral fuels, lubricants and related materials fell by as much as 3.9 per cent from March to April. This is the largest decrease since late 1990. The fall along with a 4 per cent increase the same period last year made the 12-month rate fall from 24.6 per cent last month to 15.1 per cent in April.

Indication of increased production from OPEC is probably a major reason for the average price of Brent Blend falling 17 per cent (measured in NOK) from March to April. This brought the price level to the lowest since November last year.

Overall increase

Apart from beverages and tobacco, which remained stable, all groups showed a rise. The largest contributor was manufactured goods classified chiefly by material. This group climbed by 0.6 percent from March to April, mainly due to increased import prices of iron and steel.

Food prices continue to increase. The main contributor to the 0.3 per cent rise from March to April was meat and meat products.

End-use

Prices of consumer goods showed no change compared with last month, while the 12-month rate went from 2.3 per cent in March to 1.8 per cent in April, due to a 0.5 increase in this group last year.

Price index of first hand domestic transactions. 1981=100
  April 2000 Changes, per cent
  March 2000-
April 2000 		April 1999-
April 2000 		January-April 1999-
January-April 2000
Total index 181,4 -0,4 4,0 4,4
Food 176,9 0,3 -1,2 -1,6
Beverages and tobacco 274,3 - 3,7 3,6
Crude materials, inedible, except fuels 164,8 0,7 7,2 4,9
Mineral fuels, lubricants and related materials 173,0 -3,9 15,1 21,7
Animal and vegetable oils and fats 176,4 0,1 -2,6 -2,4
Chemicals 173,7 0,6 4,1 3,2
Manufactured goods classified chiefly by material 180,1 0,6 2,7 1,8
Machinery and transport equipment 185,2 0,1 1,1 1,1
Miscellaneous manufactured articles 197,6 0,1 3,4 3,1