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Price increase for imported goods
statistikk
2015-10-09T10:00:00.000Z
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, September 2015

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Price increase for imported goods

The price index for first-hand domestic sales (PIF) fell slightly by 0.1 per cent from August to September 2015. Electricity, fruits and vegetables pulled the index up, while petroleum and petroleum products helped to curb the rise in the PIF.

Price index of first-hand domestic sales. 2000=100Published 9 October 2015
Product groupsChanges in per centIndexWeights1
August 2015 - September 2015September 2014 - September 2015September 2015
1The weights are updated annually, and are valid for the entire year.
Total index0.1-3.0143.91 000.0
Food0.55.8156.1192.6
Beverages and tobacco-0.46.2166.214.3
Crude materials, inedible, except fuels-4.9-6.8129.347.7
Mineral fuels, lubricants and related materials-0.1-27.2171.3218.4
Chemicals and related products, n.e.s.0.75.8157.365.2
Manufactured goods classified by material0.13.1137.7130.9
Machinery and transport equipment0.43.4105.2229.7
Miscellaneous manufactured articles0.24.3120.394.6

Source: Statistics Norway

Electricity, with a price increase of more than 12 per cent1, was by far the most important contributor to the rise in the PIF. A significant rise in electricity spot prices on the Nordic power exchange Nord Pool, of about 35 per cent, was the main reason for the rise in the electricity index. Despite a relatively strong monthly increase in electricity prices, the prices in September were still historically low for the season, and more then 28 per cent lower than in September 2014.

Imported vegetables and fruits had a significant price increase in September. The rise in the prices of tomatoes, blueberries and lemons was the largest contributor. Prices of imported meat and feeding stuff for animals also rose last month. Most Norwegian-produced foods, however, had a price fall.

Price increases in other commodity groups such as ‘machinery and transport equipment’ and ‘miscellaneous manufactured articles’ were also caused by higher import prices. The rise in import prices could partly be explained by the depreciation of the Norwegian krone against the currencies of our trading partners.

Prices within ‘petroleum and petroleum products’ and ‘crude products’ fell from August to September and helped to curb the increase in the PIF. Price decreases in these groups were caused by lower prices of petroleum products and metalliferous ores and metal scrap respectively.

1 Corrected10 November 2015: "price fall" replaced with "price increase".