12779_not-searchable
/en/priser-og-prisindekser/statistikker/ppi/arkiv
12779
Increase in manufacturing prices
statistikk
2010-04-09T10:00:00.000Z
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
false

Producer price index, 15 March 2010

Content

Published:

This is an archived release.

Go to latest release

Increase in manufacturing prices

Prices in manufacturing rose by 1.7 per cent from February to March. This was mainly caused by higher prices in refined petroleum products and basic metals.

Price development for selected industries. 2000=100

Prices in manufacturing have recently been characterised by moderate changes, mainly driven by price development in the export market. From February to March, several of the industries are characterised by a more similar price development in domestic and export markets. This includes refined petroleum products and basic metals, which experienced a sharp rise in prices in both markets. With an overall price increase of 8.7 per cent, refined petroleum products was the most important reason for the overall growth in manufacturing prices. Higher prices in basic metals together with food, beverages and tobacco also contributed to the overall growth in manufacturing, up 3.2 and 0.9 per cent respectively.

Although prices in several manufacturing industries rose from February to March, some show a decline in prices, including computer and electrical equipment together with chemical and pharmaceutical products.

PPI up 2.3 per cent

The producer price index for extraction, mining, manufacturing and electricity (PPI) increased by 2.3 per cent from February to March as a result of the increase in prices in both manufacturing and extraction of oil and natural gas. The average price of crude oil (Brent Blend measured in NOK) increased by 6.9 per cent.

Electricity prices fell by 4.2 per cent, following the 21.7 increase in the previous month. This decline was caused by a lower system price in Nord Pool. Higher prices for electricity sold to households reduced the overall fall in electricity prices.

Twelve months change: Higher prices in manufacturing

Prices in manufacturing as a whole increased by 10.1 per cent from March 2009 to March 2010. The price growth is mainly driven by the price development in the export market in this twelve month period. The price rise in the exports market can be seen as a return from its low level in March 2009.

The overall increase in the PPI was almost 22 per cent in this twelve month period.

Producer price index. 2000=100
  March 2010 Changes, per cent
  February 2009-March 2010 March 2009-March 2010
Total index  197.7 2.3 21.7
       
Extraction of oil and natural gas  254.3 3.9 33.9
Manufacturing, mining and quarrying  143.2 1.7 9.8
Electricity, gas and steam supply  372.6 -4.2 43.0
       
Main industrial groupings      
Intermediate goods  134.5 0.6 3.7
Investment goods  125.5 -0.2 -0.2
Consumer goods  124.8 0.8 2.5
Energy goods  255.2 3.8 36.5

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