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This is an archived release.
Weak price decrease in PIF
The price index for first-hand domestic sales (PIF) decreased by 0.2 per cent from July to August. The price fall was due to price declines in food products as well as petroleum and petroleum products.
Per cent | Per cent | Index | Weights1 | |
---|---|---|---|---|
August 2014 / July 2014 | August 2014 / August 2013 | August 2014 | ||
1The weights are updated annually, and are valid for the entire year. | ||||
Product groups | ||||
Total index | -0.2 | 1.1 | 148.6 | 1 000.0 |
Food | -1.1 | 1.4 | 147.0 | 180.1 |
Beverages and tobacco | 1.6 | 3.5 | 158.3 | 15.0 |
Crude materials, inedible, except fuels | 1.4 | 12.4 | 138.7 | 52.0 |
Mineral fuels, lubricants and related materials | -0.6 | -3.3 | 239.1 | 240.4 |
Chemicals and related products, n.e.s. | 0.4 | 2.3 | 148.6 | 68.4 |
Manufactured goods classified by material | 0.2 | 3.3 | 133.0 | 126.6 |
Machinery and transport equipment | -0.2 | 0.4 | 101.7 | 219.3 |
Miscellaneous manufactured articles | 0.2 | 2.5 | 115.0 | 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/196037.png?_encoded=2f66666666666678302f35382f&_ts=1485a25b248)
The price index for first-hand domestic sales (PIF) was 148.6 in August (where 2000=100), compared to 148.9 in July. From August 2013 to August 2014 the PIF increased by 1.1 per cent.
Monthly change: price decreases in food and petroleum products
A 1.1 per cent price fall in food products was the main reason behind the overall decrease in the PIF from July to August. The largest price decrease was in fish; prices fell in several types of salmon due to the Russian import ban introduced in early August.
A 0.6 per cent decline in mineral fuels, lubricants and related materials was primarily driven by falling prices for petroleum and petroleum products. Another group that pulled the index down in August was machinery and transport equipment.
Higher electricity prices dampen the decline in the PIF
Despite the decrease in the overall index for mineral fuels, lubricants and related materials from July to August, the index for electricity rose by nearly 6 per cent. The electricity index was the most important individual contributor that helped to curb the decline in the PIF. Another group with a price increase in August was crude materials, where prices grew by 1.4 per cent.
Twelve-month change: higher prices of crude materials and manufactured goods
From August 2013 to August 2014, the PIF increased by 1.1 per cent. As last month, the index rose mainly due to a price increase in crude materials. Also prices within manufactured goods contributed to the rise in the total index, where prices went up by 3.3 per cent.
Prices within mineral fuels, lubricants and related materials dampened the total rise in the PIF from August 2013 to August 2014. These prices were mainly driven by lower prices of electricity and petroleum and petroleum products.
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