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12789
Price increases on energy goods
statistikk
2009-11-10T10:00:00.000Z
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
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Producer price index, 15 October 2009

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Price increases on energy goods

An increase in prices for oil, gas and electricity were the main reasons for the rise in the producer price index by 1.5 per cent from September to October. From last October to October this year, the producer price index fell by 4.1 percent.

Price development for selected product groups. 2000=100

The producer price index increased in total by 1.5 per cent from September to October. The price increase in extraction of oil and natural gas as well as increased electricity prices, is the main explanation for the overall price rise. For the industry, the prices went down in the same period.

Fall in export market prices

Prices within manufacturing, mining and quarrying dropped by 0.4 per cent from September to October, and the price decline is greater on the export market. There has been a fall in prices on investment, consumption and intermediate goods in this period.

Price decline on investment goods is derived mainly as a result of lower prices on goods within the machinery and equipment industry as well as computer and electrical equipment industry. The decline in prices for machinery and equipment industry was largely caused by falling prices of machinery and equipment for general use in the domestic market.

Prices of food products and textiles, wearing apparel and leather products, as well as furniture and manufacturing contributed to the decline in prices on consumer goods in October. The fall constitutes by respectively 0.6, 0.2 and 0.5 per cent for these industries and is larger in the export market.

Metal and paper and paper products accounted for much of the price decrease on intermediate goods in October, where they went down by 1.9 and 0.9 per cent respectively. This price decrease was somewhat tempered by higher prices within the chemical and pharmaceutical products, as well as wood and wood products industry.

Producer prices down by 4.1 per cent last twelve months

Producer prices went down by 4.1 per cent from October 2008 to October 2009. Lower prices of energy goods are the main reason for the decline in the total index with a 7 per cent fall in the period

For intermediate goods, prices fell by 2.6 per cent in the past twelve months. Oil refining, chemical and pharmaceutical industries as well as metals contributed most. Prices of energy goods had the largest decline in the domestic market, where prices decreased by 14.7 per cent in the period.

Producer price index. 2000=100
  October 2009 Changes, per cent
  September 2009-
October 2009 		October 2008-
October 2009
Total index  176.6 1.5 -4.1
       
Extraction of oil and natural gas  214.3 2.8 -5.4
Manufacturing, mining and quarrying  137.8 -0.4 0.7
Electricity, gas and steam supply  237.8 14.4 -41.6
       
Main industrial groupings      
Intermediate goods  132.0 -0.1 -2.6
Investment goods  124.6 -1.4 3.6
Consumer goods  122.7 -0.6 2.8
Energy goods  212.3 2.6 -7.0

For information on the commodity price index for the industrial sectors, see http://www.ssb.no/vppi_en