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12699
Lower oil price - index down
statistikk
2001-04-10T10:00:00.000Z
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
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Producer price index, 15 March 2001

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Lower oil price - index down

The producer price index fell by 2.3 per cent from February to March. This is mainly due to a drop in the prices for energy goods, where crude oil (Brent Blend) with a fall of close to eight per cent contributed the most.

The domestic PPI fell 0.7 per cent from last month. The explanation is the same as for the total PPI (domestic and export market) reduced prices for energy goods.

The price development from January to February

The prices for refined petroleum products went down 4.3 per cent from February to March. Together with a negative 1.7 per cent contribution from the group basic metal the prices of manufacturing, mining and quarrying fell by 0.3 percent. The food products, beverages and tobacco increased 1 per cent.

Looking at the main industrial groupings, we see that energy goods have had the largest price reduction with a negative 3.7 per cent from February to March.

12-month rate

The oil price drop brought the 12-month rate below zero a negative 0.1 per cent for the first time since March 1994. The main contribution was oil and gas extraction with a fall of 4.9 per cent. The 12-month change in the manufacturing, mining and quarrying prices, however, was still positive with an increase of 3.1 per cent since March last year.

The development in the 12-month rate

The oil price drop brought the 12-month rate below zero a negative 0.1 per cent for the first time since March 1994 for the total PPI. In February the changes were 3.8 per cent. The 12-month change in the manufacturing, mining and quarrying prices, however, was still positive by an increase of 3.1 per cent after 4.4 in February.

Producer price index. 2000=100
  March 2001 Changes, per cent
  February 2001-March 2001 March 2000-March 2001
Total index 96,14 -2,3 -0,1
Oil and gas extraction 89,44 -4,2 -4,9
Manufacturing, mining and quarrying 101,39 -0,3 3,1
Electricity, gas and steam supply 165,73 5,5 75,5