12719_not-searchable
/en/priser-og-prisindekser/statistikker/ppi/arkiv
12719
No change in the producer price index
statistikk
2000-11-10T10:00:00.000Z
Prices and price indices;National accounts and business cycles;Energy and manufacturing
en
ppi, Producer price index, price trends, inflation, domestic market, export market, economic indicator, intermediate goods, energy goods, consumables, capital goods, metal-working industry, food industry, oil refining, machine industry, mining, metal prices (for example gold, aluminium, copper)Producer and wholesale price indices, Energy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Prices and price indices, Energy and manufacturing
false

Producer price index, 15 October 2000

Content

Published:

This is an archived release.

Go to latest release

No change in the producer price index

The producer price index remained unchanged from September to October. A decline in the group oil extraction, mining and quarrying was counteracted by an increase in manufacturing prices. The 12-month rate (October 1999 - October 2000) also remained unchanged at 7.4 per cent.

The decline within the groups oil extraction, mining and quarrying is mainly due to lower prices of crude oil. According to the London Spot Market the average price of Brent Blend fell by about 3 per cent from September to October (measured in NOK). The index for this group went down by 10.5 per cent. The 12-month rate also showed a slight decline, from 29.7 per cent in September to 29.2 per cent in October.

Slight rise in manufacturing prices

The largest contribution to this rise can be found in the group chemicals and chemical petroleum, coal, rubber and plastic products. The prices of petrol went down from September to October, but because of increasing prices of other refined oil products, the index for this group went up 1.8 per cent. The other group with a price change worth mentioning is metals. Here, the prices have decreased by 1.3 per cent, a decrease mainly attributable to lower export prices. According to the London Metal Exchange the price of aluminum has on average decreased by more than 3 per cent from September to October (measured in NOK). The price of nickel has gone down by almost 9 per cent during the same period.

For the other groups there were only minor changes. The index for manufacturing thereby showed an increase of 0.2 per cent. The 12-month rate increased from 5.3 per cent in September, to 5.4 per cent in October.

Producer price index. 1981=100
    Changes, per cent
  October 2000 September 2000-October 2000 October 1999-October 2000 January-October 1999-January-October 2000
Total index 182,9 - 7,4 7,3
Oil extraction, mining and quarrying 147,5 -1,5 29,2 38,0
Manufacturing 186,0 0,2 5,4 4,8
Manufacture of food, beverages and tobacco 206,4 - 2,0 0,4
Manufacture of textiles, wearing apparel, leather and leather products 160,9 0,1 1,3 0,7
Manufacture of wood and wood products 193,3 - 2,7 2,5
Manufacture of paper and paper products, printing and publishing 211,9 0,2 4,1 4,2
Manufacture of chemicals and chemical petroleum, coal, rubber and plastic products 161,7 1,8 18,6 17,9
Manufacture of mineral products 218,7 0,1 1,5 1,5
Manufacture of basic metals 148,9 -1,3 7,9 9,1
Manufacture of fabricated metal products, machinery and equipment 193,3 0,1 2,1 1,7