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12387
Sharp fall in electricity prices
statistikk
2008-04-10T10:00:00.000Z
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
false

Price index of first-hand domestic sales, 15 March 2008

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Sharp fall in electricity prices

The price index of first-hand domestic sales fell by 0.1 per cent from February to March. Lower prices of electricity were the main contributor to the decrease.

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

The price index of first-hand domestic sales fell by 0.1 per cent from February to March 2008. A 2.3 per cent drop in prices of mineral fuels, lubricants and electricity was the main factor behind this development. Over the last three months, the price of electricity has seen a relatively strong decrease. From February to March the decrease was 22.7 per cent, mainly due to higher precipitation than average for March. A 2.2 per cent fall in prices of crude materials also contributed to the drop in the index of first-hand domestic sales. Lower prices of metalliferous ores and metal scrap also had a strong effect on the total index. From March 2006 to June 2007, there was a steady increase in prices of crude materials. This was followed by a period of falling prices, which in turn was followed by a stable period from September 2007 to March 2008.

Prices of food products, chemicals, manufactured goods, machinery and transport equipment experienced an overall increase from February to March. Food prices, which fluctuate during the year, have increased during the last four months. In particular, prises of vegetables and fruit had a strong increase of 2.5 per cent in the previous month. For manufactured goods, prices of iron, steel, aluminium and nickel had the strongest increase.

Twelve-month change: Price growth of 8.3 per cent

From March 2007 to March 2008, the price index of first-hand domestic sales rose by 8.3 per cent.

The increase is due to higher prices in all groups, except for crude materials and miscellaneous manufactured articles. Prices of mineral fuels, lubricants and electricity rose by a strong 33.4 per cent. Despite the strong fall in electricity prices in the last two months, the twelve-month change shows an increase of 22.6 per cent. Prices of petroleum and petroleum products also increased considerably, especially prices of crude oil (Brent Blend).

A fall in import prices of clothing was the main factor behind the 2.2 per cent drop in the price index of miscellaneous manufactured articles.

Price index of first-hand domestic sales. 2000=100
  March 2008 Changes, per cent
  February 2008-
March 2008 		March 2007-
March 2008
Total index  126.6 -0.1 8.3
Food and live animals  116.3 0.7 2.8
Beverages and tobacco  121.5 0.0 5.4
Crude materials, inedible, except fuels  121.7 -2.2 -4.4
Mineral fuels, lubricants and related materials  178.8 -2.3 33.4
Chemicals and related products, n.e.s  115.1 1.4 5.3
Manufactured goods classified by material  120.4 1.2 5.3
Machinery and transport equipment  101.4 0.1 0.2
Miscellaneous manufactured articles  102.9 -0.4 -0.2