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Increase in PIF
The price index for first-hand domestic sales (PIF) saw an increase of 0.7 per cent from May to June. The price rise was due to mineral fuels, lubricants and related materials. A decline in electricity prices curbed the increase in the total index.
Per cent | Per cent | Index | Weights1 | |
---|---|---|---|---|
June 2014 / May 2014 | June 2014 / June 2013 | June 2014 | ||
1The weights are updated annually, and are valid for the entire year. | ||||
Product groups | ||||
Total index | 0.7 | 3.1 | 148.3 | 1 000.0 |
Food | 0.6 | 4.1 | 148.4 | 180.1 |
Beverages and tobacco | 0.8 | 5.8 | 155.1 | 15.0 |
Crude materials, inedible, except fuels | 2.8 | 9.6 | 134.5 | 52.0 |
Mineral fuels, lubricants and related materials | 1.9 | 2.6 | 238.9 | 240.4 |
Chemicals and related products, n.e.s. | 0.4 | 5.2 | 148.4 | 68.4 |
Manufactured goods classified by material | 0.6 | 2.9 | 132.0 | 126.6 |
Machinery and transport equipment | -0.4 | 0.6 | 101.5 | 219.3 |
Miscellaneous manufactured articles | -0.3 | 2.5 | 114.4 | 90.7 |
![Figure 1. Price development for some SITC groups. 2000=100 Figure 1. Price development for some SITC groups. 2000=100](/en/priser-og-prisindekser/statistikker/pif/maaned/_image/187095.png?_encoded=2f66666666666678302f35382f&_ts=1471ae2e458)
The price index for first-hand domestic sales (PIF) was 148.3 in June (where 2000=100), against 147.3 in May. From June 2013 to June 2014 the PIF increased by 3.1 per cent.
Higher prices in crude oil, Brent Blend, and petroleum products, were the main reasons behind a 1.9 per cent rise within mineral fuels, lubricants and related materials. Other groups contributing to the growth in the PIF from May to June were crude materials and food with price rises of 2.8 and 0.6 per cent respectively.
Increased food prices were mainly due to the arrival of the new season potatoes, which are usually more expensive than older potatoes. The import prices for coffee had a strong increase from May to June which can be seen in conjunction with the drought in Brazil, which influenced the world market price.
Twelve-month change: Higher prices of food and crude oil
From June 2013 to June 2014, the PIF increased by 3.1 per cent. Compared to May, the twelve-month change in the PIF rose by 1.2 percentage points in June, due to a sharper growth in food, petroleum and petroleum products as well as crude materials.
Food prices went up 4.1 per cent and were the main contributor to the growth in the PIF in this twelve-month period. The twelve-month change was also influenced by a 2.6 per cent growth in mineral fuels, lubricants and related materials.
Electricity prices fell by 18.8 per cent from June 2013 to June 2014 and contributed to dampen the growth the last twelve months.
Additional information
Contact
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Producer price index
E-mail: produsentpris@ssb.no
tel.: (+47) 21 09 40 00
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Elisabeth Mælum
E-mail: elisabeth.maelum@ssb.no
tel.: (+47) 97 01 28 49
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Monika Græsli Engebretsen
E-mail: monika.graesli.engebretsen@ssb.no
tel.: (+47) 40 90 23 71
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Morten Madshus
E-mail: morten.madshus@ssb.no
tel.: (+47) 40 90 26 94