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Higher prices of refined oil products
statistikk
2002-10-10T10:00:00.000Z
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 September 2002

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Higher prices of refined oil products

Prices within manufacturing increased by 1.1 per cent from August to September. The development was mainly due to higher prices of refined petroleum products.

A 6.1 per cent increase in refined petroleum products was the largest contributor to the rise in manufacturing prices. Chemicals and chemical products also experienced a price increase of 3.7 per cent, while prices of basic metals rose by 0.8 per cent. Food products went down 0.2 per cent, reducing the rise in manufacturing.

Among the main industrial groupings energy rose 5.5 per cent, intermediate and consumer

goods went up by 0.8 and 0.1 per cent, while capital goods showed no change.

12-month rate: 2.7 per cent lower prices for manufacturing

Manufacturing prices went down 2.7 per cent from September 2001 to September 2002. For basic metals products prices were 13.5 per cent lower than last year, while prices of refined oil were 12.1 per cent lower.

According to end use prices of energy goods have declined 4.0 per cent, while intermediate goods went down 4.7 per cent.

Development in the 12-month rate

The 12-month rate for manufacturing went from -3.6 per cent in August to -2.7 per cent in September, while the corresponding figures for refined petroleum products were -15.3 per cent and -12.1 per cent respectively. The overall trend in manufacturing is also due to the development in chemicals, basic metals as well as pulp, paper and paper products.

Producer price index. 2000=100
  September2002 Changes, per cent
  August 2002-September 2002 September 2001-September 2002
Total index 92.76 3.2 -5.0
Oil and gas extraction 89.63 5.0 -4.1
Manufacturing, mining and quarrying 97.69 1.1 -2.7
Electricity, gas and steam supply  160.85 13.8 12.8