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This is an archived release.
Slight price decrease in PIF
The price index for first-hand domestic sales (PIF) decreased by 0.2 per cent from August to September. The price fall was due to price declines in petroleum and petroleum products.
Per cent | Per cent | Index | Weights1 | |
---|---|---|---|---|
September 2014 / August 2014 | September 2014 / September 2013 | September 2014 | ||
1The weights are updated annually, and are valid for the entire year. | ||||
Product groups | ||||
Total index | -0.2 | 0.6 | 148.3 | 1 000.0 |
Food | 0.4 | 2.1 | 147.6 | 180.1 |
Beverages and tobacco | -1.1 | 2.1 | 156.5 | 15.0 |
Crude materials, inedible, except fuels | 0.0 | 9.7 | 138.7 | 52.0 |
Mineral fuels, lubricants and related materials | -1.6 | -6.2 | 235.3 | 240.4 |
Chemicals and related products, n.e.s. | 0.1 | 3.8 | 148.7 | 68.4 |
Manufactured goods classified by material | 0.4 | 3.8 | 133.5 | 126.6 |
Machinery and transport equipment | 0.0 | 0.2 | 101.7 | 219.3 |
Miscellaneous manufactured articles | 0.3 | 2.8 | 115.3 | 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/200209.png?_encoded=2f66666666666678302f35382f&_ts=148f4a47a48)
The price index for first-hand domestic sales (PIF) was 148.3 in September (where 2000=100), compared to 148.6 in August. From September 2013 to September 2014, the PIF increased by 0.6 per cent.
Monthly change: petroleum products down, electricity up
The price decline within the commodity group ‘mineral fuels, lubricants and related materials’ was the main reason behind the overall decrease in the PIF from August to September. Prices in this group fell by 1.6 per cent due to decreased prices for petroleum and petroleum products, as well as prices of manufactured gas and coal. The prices of petroleum products fell by more then 2 per cent due to a price drop for crude oil, Brent Blend, in September.
However, the electricity prices increased by nearly 6 per cent from August to September and helped to curb the price increases in both the sub-group ‘mineral fuels, lubricants and related materials’ and the total PIF.
‘Food’ and ‘manufactured goods classified by material’ were other groups with price rises in September.
Twelve-month change: PIF up 0.6 per cent
From September 2013 to September 2014, the PIF increased by 0.6 per cent. As last month, the index rose mainly due to the price increases in ‘crude materials’ and ‘manufactured goods’.
Prices within ‘mineral fuels, lubricants and related materials’ dampened the rise in the PIF from September 2013 to September 2014. Prices fell for all commodities within this group: petroleum, petroleum products, coal, manufactures gas and electricity.
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Producer price index
E-mail: produsentpris@ssb.no
tel.: (+47) 21 09 40 00
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Elisabeth Mælum
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Monika Græsli Engebretsen
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Morten Madshus
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