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Higher prices of oil products and electricity
statistikk
2004-09-10T10:00:00.000Z
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 August 2004

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Higher prices of oil products and electricity

The total index rose by 1.5 per cent from July to August. Higher prices of petroleum and petroleum products and electricity were the main driving forces behind the increase. Due to an error in the July figures, revised indices are released now.

Prices of mineral fuels, lubricants and related materials increased by 5.5 per cent from July to August. Prices of petroleum and petroleum products and electricity increased by 5.5 and 6.6 per cent, respectively. As was also the case last month, the increase was mainly due to large demand from China and India, uncertainty concerning Russia's oil production and reduced petrol depots in Europe. The increase in electricity prices was to some extent caused by the Norwegian Competition Authority's removal of several power companies from the power market. Crude materials increased by 2.4 per cent. Higher prices of metalliferous ores and metal scrap were the main reasons for the increase in the former group. Prices of food showed an increase this month, caused by higher prices of fish, meat, coffee and dairy products, and eggs.

Price index of first hand domestic sales

The price increase in the overall domestic market was 2.2 per cent. The main drivers behind this increase were higher prices of mineral fuels, lubricants and related materials by 7.3 per cent.

The 12-month rate, August 2003 to August 2004: 4.5 per cent increase

The overall 12-month rate showed that prices have increased by 4.5 per cent. The increase is mainly due to higher prices in all the main groups, particularly for petroleum and petroleum products and crude materials. Petroleum and petroleum products have increased by 21.6 per cent in the period. Crude products have increased by 9.1 per cent, due to increased prices of metalliferous ores and metal scrap. Food prices have increased by 2.1 per cent compared with August 2003, caused by higher prices of fish, sugar, coffee and dairy products, and eggs. Prices of manufactured goods increased by 4.7 per cent. The main reason for this rise is higher prices of metals.

Price index of first-hand domestic sales. 2000=100
  August 2004 Changes, per cent
  July 2004-August 2004 August 2003-August 2004
Total index  110.4 1.5 4.5
Food and live animals  108.2 0.7 2.1
Beverages and tobacco  108.9 -0.2 2.3
Crude materials, inedible, except fuels 99.2 2.4 9.1
Mineral fuels, lubricants and related materials  117.3 5.5 15.5
Chemicals and related products, n.e.s  106.5 0.7 3.3
Manufactured goods classified by material  104.2 0.3 4.7
Machinery and transport equipment  103.2 0.1 1.3
Miscellaneous manufactured articles  103.5 0.4 0.9

New figures for July

Due to an error in the production of the July figures, revised indices are released now. The revised total index is unaltered, but the development in some subgroups has changed. Updated figures for chemicals show a 0.1 per cent increase in prices from June to July, while the previous release showed a decrease of 0.2 per cent. Updated figures for manufactured goods show a 0.3 per cent increase, while earlier figures show a decrease of 0.1 per cent.