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This is an archived release.
Prices up within metal and paper
The Producer price index increased 0.3 per cent from July to August 2010. The main reason was increased prices within extraction of oil and natural gas. However, higher prices of basic metals, fabricated metal products and paper and paper products also have a bearing on the rise in the Producer price index.
The producer price index rose 0.3 per cent from July to August 2010. A price increase of 0.9 per cent within extraction of oil and natural gas was the main reason for this. The price rise here, in its turn, was caused by higher gas prices.
The prices of basic metals, fabricated metal products and paper and paper products increased from July to August. After two months of price decreases, the prices of non-ferrous metals rose from July to August. This, together with higher prices for iron and steel, gave an overall increase of 1.2 per cent in prices of basic metals. Prices of fabricated metal products rose 1.3 per cent in the same period. The price growth within paper and paper products from June to July this year continued from July to August, and was 2.9 per cent in the latter period.
Export prices of basic chemicals continued to rise from July to August. This was important in explaining the price growth of chemical and pharmaceutical products that continued in this period, but there were also increased domestic market prices of pharmaceutical products from July to August.
Twelve-month growth: 12.9 per cent
The Producer price index rose 12.9 per cent from August 2009 to August 2010. However, this is a decline in the twelve-month growth of 5.2 percentage points from 18.1 in July 2010 to 12.9 per cent in August 2010. This was mainly due to a lower twelve-month growth of prices within extraction of oil and natural gas, as prices here grew only 0.9 per cent from July to August this year, compared to the 8 per cent increase in the corresponding period last year.
August 2010 | Changes, per cent | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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July 2010-August 2010 | August 2009-August 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total index | 209.0 | 0.3 | 12.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extraction of oil and natural gas | 290.5 | 0.9 | 26.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Manufacturing, mining and quarrying | 145.1 | 0.1 | 2.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Electricity, gas and steam supply | 279.3 | -3.6 | 18.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Main industrial groupings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intermediate goods | 139.0 | 0.7 | 5.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment goods | 125.9 | -0.4 | -1.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer goods | 126.2 | -0.1 | 2.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Energy goods | 276.9 | 0.4 | 21.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional information
Contact
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Producer price index
E-mail: produsentpris@ssb.no
tel.: (+47) 21 09 40 00
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Elisabeth Mælum
E-mail: elisabeth.maelum@ssb.no
tel.: (+47) 97 01 28 49
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Morten Madshus
E-mail: morten.madshus@ssb.no
tel.: (+47) 40 90 26 94
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Monika Græsli Engebretsen
E-mail: monika.graesli.engebretsen@ssb.no
tel.: (+47) 40 90 23 71
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Håvard Georg Jensen
E-mail: havard.jensen@ssb.no
tel.: (+47) 40 90 26 86