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Increased manufacturing prices - crude oil down
statistikk
2004-05-10T10:00:00.000Z
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 April 2004

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Increased manufacturing prices - crude oil down

The total index went up 0.2 per cent from March to April, largely due to an increase in manufacturing prices. Lower prices of crude oil and electricity reduced the total increase.

Manufacturing prices went up 1.1 per cent from March to April. Refined petroleum products went up 4.9 per cent. Figures from the London Spot Market showed 7.5 per cent increase in prices of unleaded petrol during this period, while heavy fuel oil went up 6 per cent. Prices of chemicals continued to increase as they have done since last summer, as have the prices of basic metals. Prices within these groups have increased 3.4 and 1.9 per cent.

According to figures from the London Spot Market prices of crude oil (Brent Blend) decreased about 1 per cent compared with last month. Electricity prices went down 2.2 per cent.

Among the main industrial groupings energy goods and capital goods declined, while intermediate goods went up 1.5 per cent. Prices of consumer goods remained unchanged.

12-month rate, April 2003 to April 2004

Manufacturing prices went up 6.4 per cent since last April, largely due to higher prices of refined petroleum products, chemicals and basic metals. Fall in prices of refined petroleum products from March to April last year - combined with this years increase - resulted in a 12-month rate of 16.8 per cent in April, while last months rate was - 6.6 per cent.

The overall producer price index went up 12.2 per cent compared with April 2003. A 30 per cent increase in oil prices was an important contributor to the overall development. Electricity prices were about the same level as last April.

Among the main industrial groupings energy goods have increased 19.8 per cent and capital goods 8.4 per cent. Consumer goods have increased 1.7 per cent the last twelve months.

Producer price index. 2000=100
  April 2004 Changes, per cent
  March 2004-
April 2004 		April 2003-
April 2004
Total index 99.9 0.2 12.2
Oil and gas extraction 94.8 -0.7 21.7
Manufacturing, mining and quarrying  104.6 1.1 6.3
Electricity, gas and steam supply  219.3 -2.2 1.4

Commodity price index for industrial sectors

As announced previously the articles for the Producer price index and the Commodity price index for the industrial sectors are now coordinated. The web pages for both surveys will remain the same for the time being - www.ssb.no/ppi_en and www.ssb.no/vppi_en.

The monthly changes of the producer price index and the commodity price index may show minor deviations due to different index levels and rounding. No extra information is added to the commodity price index.

Commodity price index for the industrial sectors.
2000=100
  April 2004 Changes, per cent
  March 2004-
April 2004 		April 2003-
April 2004
Total index  104.3 0.2 12.3
Oil and gas extraction 94.8 -0.7 21.7
Manufacturing, mining and quarrying  104.8 1.1 6.3
Electricity, gas and steam supply  212.2 -2.2 1.4