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Higher food prices
statistikk
2013-04-10T10:00:00.000Z
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 sales, 15 March 2013

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Higher food prices

The price index of first-hand domestic sales (PIF) rose by 0.5 per cent from February to March 2013. The main reasons for the increase in PIF were higher prices of electricity, food products, machinery and transport equipment, as well as chemicals. PIF increased by 0.6 per cent from March 2012 to March 2013.

Price index of first-hand domestic sales. 2000=100Published 10 April 2013
Per centPer centIndexWeights1
March 2013 / February 2013March 2013 / March 2012March 2013
1The weights are updated annually, and are valid for the entire year.
Product groups
Total index0.50.6146.21 000.0
Food1.15.8141.2177.1
Beverages and tobacco-0.33.6146.014.3
Crude materials, inedible, except fuels1.3-4.2126.852.5
Mineral fuels, lubricants and related materials-0.4-0.8245.7231.0
Chemicals and related products, n.e.s.2.12.9143.871.2
Manufactured goods classified by material-0.2-2.3128.9131.3
Machinery and transport equipment0.7-0.6101.7231.9
Miscellaneous manufactured articles0.30.1111.684.6

Source: Statistics Norway

Price development for some SITC groups. 2000=100

The price of electricity rose by 7.8 per cent in March, and was the largest contributor to an increase in the overall PIF from February to March. Both a higher system price at NordPool and increasing prices of electricity sold to Norwegian households brought the electricity prices up this period.

Higher prices of food products

Higher prices of food products was one of the other reasons for the rise in the PIF from February to March. Within this product group prices increased by 1.1 per cent, mainly due to higher prices of fish and fish products, as well as vegetables and fruit.

The price index for machinery and transport equipment went up 0.7 per cent from February to March, mainly due to increasing prices within office machines and data processing machines.

Within chemicals and related products prices rose by 2.1 per cent. Inorganic chemicals had the strongest influence, with a price increase of 10.4 per cent.

One of the product groups that contributed to dampening the overall price rise in PIF from February to March was petroleum and petroleum products. Prices within this group dropped 2.4 per cent. A lower price of crude oil had the strongest influence, with a price decrease of 2.7 per cent of Brent blend measured in NOK.

Twelve month change: PIF up 0.6 per cent

PIF increased by 0.6 per cent from March 2012 to March 2013, mainly because of higher prices of food products, with an increase of 5.8 per cent. Prices of fish and fish products as well as feeding stuff for animals had the strongest price rise within food products.

Over the last twelve months, prices of electricity increased by 21.8 per cent. Within chemicals, prices increased by 2.9 per cent, mainly due to higher prices of inorganic chemicals, which saw an increase of 26 per cent from March 2012 to March 2013.

The price index of crude materials, inedible, except fuels fell by 4.2 per cent in the same period, and curbed the rise in the PIF over the last twelve months. Prices of mineral fuels, lubricants and related materials decreased by 0.8 per cent, mainly because of higher prices of petroleum and petroleum products. The price index of manufactured goods fell 2.3 per cent in the same period, mainly because of a reduction in prices of basic metals.