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12785
Higher prices of electricity and metals
statistikk
2010-01-11T10:00:00.000Z
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 December 2009

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Higher prices of electricity and metals

The producer price index fell 0.4 per cent from November to December 2009. The fall came largely from lower prices within extraction of oil and natural gas, as well as for refined petroleum products. Higher prices of electricity and metals contributed to moderate the decrease in the overall index. From 2008 to 2009, the overall index decreased by 0.71 per cent.

Price development for selected product groups. 2000=100

The producer price index dropped 0.4 per cent from November to December 2009, mainly due to a 1.1 per cent decrease in prices within oil and gas extraction. Conversely, the 8.9 per cent rise in the price of electricity moderated the fall in the overall index from the previous month.

Several manufacturing industries experienced increased prices from November to December. Within basic metals, prices rose by 1.6 per cent, where the strongest contribution came from a 1.8 per cent rise in prices of non-ferrous metals. Prices of food products rose by 0.4 per cent in the same period, mainly due to higher prices of different kinds of meat, bakery and pasta products. Prices of paper and paper products and basic chemicals rose by 1.7 and 1.0 per cent respectively.

Despite price rises in several manufacturing industries, the overall manufacturing index still shows a small negative change from November to December 2009. The main reason behind this result is a 1.7 per cent rise in prices of petroleum products.

Annual growth: Lower energy-prices

The producer price index decreased by 0.71 per cent from 2008 to 2009.

Prices of oil and gas extraction dropped 0.5 per cent from 2008 to 2009, while electricity prices decreased by 17.2 per cent in the same period. Within manufacturing, mining and quarrying, prices rose by 0.11 per cent, and this is one of the lowest annual growths during the latest years. Within manufacturing, the strongest annual price decreases were in petroleum products and basic metals, with declines of 15.8 and 10.2 per cent respectively.

Producer price index. 2000=100
  December 2009 Changes, per cent
  November 2009-
December 2009 		December 2008-
December 2009
Total index  182.2 -0.4 10.0
       
Extraction of oil and natural gas  223.7 -1.1 14.8
Manufacturing, mining and quarrying  139.4 -0.1 7.6
Electricity, gas and steam supply  280.4 8.9 -20.7
       
Main industrial groupings      
Intermediate goods  132.8 0.7 -0.9
Investment goods  124.7 -0.1 1.9
Consumer goods  123.1 0.3 1.7
Energy goods  222.2 -0.8 15.9

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

1  The figure was corrected 11 December 2010 at 10.23 a.m.