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Expensive electricity brought prices up
statistikk
2006-04-10T10:00:00.000Z
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
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Price index of first-hand domestic sales15 March 2005

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Expensive electricity brought prices up

Price index of first-hand domestic sales increased by 0.9 per cent from February to March. Prices increased for both imported goods and goods produced in Norway. High prices on electricity were the main reason for the increase in prices.

;>Price development for some SITC groups. 2000=100

Electricity prices went up by 12.5 per cent, while other energy goods dropped slightly on the domestic market. Prices on machinery and transport equipment decreased by 0,3 per cent. Office machines and computers decreased the most.

Food prices decreased by 0.3 per cent the last month. This reflects a decrease in fish prices on the Norwegian market, in addition fruits and vegetable and cereal prices decreased.

Prices on crude materials increased. Both prices on pulp and waste paper and prices on metalliferous ores and metal scrap increased. The price increase related to metalliferous ores is in particular related to nickel prices. These prices increased by 7.8 per cent the last month according to figures from Financial Times (LME).

Prices of the domestic production increased by 1.4 per cent. Prices on food and in particular fish prices decreased while electricity prices jump 12.7 per cent from February to March.

The 12-month rate, March 2005 to March 2006: up 6.3 per cent

Prices on energy goods remain the main contributors to the increase this period with large price increases the last twelve months. Electricity prices increased by 54.2 per cent. Non-ferrous metals also increased significantly with 42.6 per cent.

The twelve-month rate for the prices related to the domestic production increased by 9.5 per cent compared to March 2005. This is due to the increase in electricity and food prices.

Price index of first-hand domestic sales. 2000=100
  March 2006 Changes, per cent
  February 2006-
March 2006
March 2005-
March 2006
Total index  118.2 0.9 6.3
Food and live animals  109.9 -0.3 3.5
Beverages and tobacco  114.2 0.0 4.4
Crude materials, inedible, except fuels  103.2 4.2 3.8
Mineral fuels, lubricants and related materials  162.0 3.6 30.3
Chemicals and related products, n.e.s  108.0 -0.6 0.7
Manufactured goods classified by material  110.2 0.0 3.4
Machinery and transport equipment  101.5 -0.3 -1.4
Miscellaneous manufactured articles  103.3 0.1 -0.9