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Slight price decrease in PIF
statistikk
2014-10-10T10:00:00.000Z
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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The price index of first-hand domestic sales (PIF) measures the price change of the first commercial transaction for many products, producers’ selling prices and importers’ buying prices.

Price index of first-hand domestic sales, 15 September 2014

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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.

Price index of first-hand domestic sales. 2000=100Published 10 October 2014
Per centPer centIndexWeights1
September 2014 / August 2014September 2014 / September 2013September 2014
1The weights are updated annually, and are valid for the entire year.
Product groups
Total index-0.20.6148.31 000.0
Food0.42.1147.6180.1
Beverages and tobacco-1.12.1156.515.0
Crude materials, inedible, except fuels0.09.7138.752.0
Mineral fuels, lubricants and related materials-1.6-6.2235.3240.4
Chemicals and related products, n.e.s.0.13.8148.768.4
Manufactured goods classified by material0.43.8133.5126.6
Machinery and transport equipment0.00.2101.7219.3
Miscellaneous manufactured articles0.32.8115.390.7

Source: Statistics Norway

Figure 1. Price development for some SITC groups. 2000=100

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.