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Lower metal prices
statistikk
2011-11-10T10:00:00.000Z
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 2011

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Lower metal prices

The producer price index (PPI) rose 0.1 per cent from September to October 2011. The main reason was higher prices within extraction of oil and natural gas. A decline in prices of some energy goods dampened the increase. In addition, metal prices continued to fall from September to October, and these have fallen 3 per cent from October 2010 to October this year.

Price development for selected industries. 2000=100

The PPI rose 0.1 per cent from September to October 2011. Although oil prices fell, gas prices increased, so that in total prices within extraction of oil and natural gas had a moderate price rise of 0.4 per cent. Higher prices within chemical and pharmaceutical production were also a reason for the increase in PPI.

Prices of refined petroleum products decreased 1.2 per cent from September to October. Within this group, export prices fell, while prices on the domestic market increased. Basic metals experienced another fall this period. For this group as well, the price drop from September to October came from the export market. Prices of basic metals on the domestic market, on the other hand, rose 1.7 per cent.

Twelve-month change: lower prices of basic metals

PPI rose 15.3 per cent from October 2010 to October 2011. This increase is mainly due to a 30 per cent increase of prices within extraction of oil and natural gas during the period. However, higher prices of refined petroleum products as well as food products were also notable reasons, with price rises of 23.4 and 5.4 per cent respectively.

Some groups experienced falling prices from October last year to October this year. The sharpest fall was seen in electricity prices, which fell more then 26 per cent. Prices declined for basic metals, too, during this period. The prices of basic metals in October 2011 were 3 per cent lower than the same month last year.

Producer price index. 2000=100
  October 2011 Changes, per cent
     September 2011-
October 2011 		   October 2010-
October 2011
Total index  240.3 0.1 15.3
       
Extraction of oil and natural gas  368.5 0.4 30.0
Manufacturing, mining and quarrying  155.5 -0.1 6.1
Electricity, gas and steam supply  229.6 -0.6 -26.1
       
Main industrial groupings      
Intermediate goods  143.5 0.3 2.3
Investment goods  127.8 -0.1 1.2
Consumer goods  133.1 -0.2 5.5
Energy goods  344.1 0.1 25.3

For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .