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Higher prices of refined petroleum products
statistikk
2003-03-10T10:00:00.000Z
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 February 2003

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Higher prices of refined petroleum products

Manufacturing prices increased by 1.6 per cent from January to February. The development was mainly due to higher prices of refined petroleum products, chemicals and chemical products and basic metals.

Prices of refined petroleum products increased by 9.8 per cent from January to February. According to the London Spot Market - prices of unleaded gasoline and heavy fuel increased by 12.1 and 2.7 per cent respectively. Chemicals and chemical products increased by 2.5 per cent, and basic metals by 2.8 per cent.

According to the main industrial groupings - prices of energy goods increased by 3.1 per cent, and intermediate goods and capital goods by 0.9 and 0.6 per cent respectively. On the other hand consumer goods experienced only insignificant changes.

In the domestic market manufacturing prices showed a 0.9 per cent rise. This development was mainly due to increasing prices in refined petroleum products and food products.

12-month rate, February 2002 - February 2003

Manufacturing prices increased by 2.3 per cent compared with figures from February 2002. This development was mainly due to an increase of 36 per cent for refined petroleum prices, but a decrease in basic metals and food products of 7.4 and 1.7 per cent respectively counteracted this price rise. Prices of pulp, paper and paper products showed a decline as well.

According to the main industrial groupings - energy goods increased by 25.2 per cent compared with figures for February 2002, while intermediate goods decreased by 2.1 per cent.

Producer price index. 2000=100
  February 2003 Changes in per cent
  January-February 2003 February 2002-February 2003
Total index 97.45 1.9 11.9
Oil and gas extraction 93.31 4.0 19.8
Manufacturing, mining and quarrying 99.36 1.6 2.2
Electricity, gas and steam supply  319.85 -17.8 80.3