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Price decrease in PIF
The price index for first-hand domestic sales (PIF) decreased by 0.6 per cent from September to October. The price fall was due to price declines on petroleum and petroleum products, as well as electricity.
Per cent | Per cent | Index | Weights1 | |
---|---|---|---|---|
October 2014 / September 2014 | October 2014 / October 2013 | October 2014 | ||
1The weights are updated annually, and are valid for the entire year. | ||||
Product groups | ||||
Total index | -0.6 | 0.0 | 147.4 | 1 000.0 |
Food | 0.3 | 3.1 | 148.0 | 180.1 |
Beverages and tobacco | 2.4 | 5.3 | 160.3 | 15.0 |
Crude materials, inedible, except fuels | 1.3 | 12.8 | 140.5 | 52.0 |
Mineral fuels, lubricants and related materials | -4.3 | -9.2 | 225.2 | 240.4 |
Chemicals and related products, n.e.s. | -0.1 | 0.1 | 148.5 | 68.4 |
Manufactured goods classified by material | 0.5 | 3.7 | 134.2 | 126.6 |
Machinery and transport equipment | -0.2 | -0.4 | 101.5 | 219.3 |
Miscellaneous manufactured articles | 0.2 | 2.5 | 115.5 | 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/204803.png?_encoded=2f66666666666678302f35382f&_ts=149896b6060)
The price index for first-hand domestic sales (PIF) was 147.4 in October (where 2000=100), compared to 148.3 in September. From October 2013 to October 2014 the PIF remained unchanged.
Monthly change: lower prices within electricity and petroleum products
The decrease in the PIF was mainly due to a 4.3 per cent reduction in prices within ‘mineral fuels, lubricants and related materials’. Prices are mainly driven by lower prices on petroleum and petroleum products as well as electricity, with a 5 and 6.9 per cent drop respectively.
Higher prices of crude materials dampened the total fall in the PIF from September to October. Prices increased by 1.3 per cent within this group, mainly due to higher prices of ‘metalliferous ores and metal scrap’. Prices of ‘manufactured goods’ and ‘animal and vegetable oils, fats and waxes’ also rose.
Twelve-month change
There was no change in the total PIF from October 2013 to October 2014. Lower prices within ‘mineral fuels, lubricants and related materials’ were offset by higher prices on crude materials, food products and manufactured goods.
Additional information
Contact
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Producer price index
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Elisabeth Mælum
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Monika Græsli Engebretsen
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Morten Madshus
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