90557_not-searchable
/en/priser-og-prisindekser/statistikker/ppi/maaned
90557
Moderate increase in PPI
statistikk
2012-11-09T10:00:00.000Z
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 October 2012

Content

Published:

This is an archived release.

Go to latest release

Moderate increase in PPI

The producer price index increased by 0.4 per cent from September to October 2012. The increase was largely due to higher electricity prices.

Price development for selected industries. 2000=100

The two most important reasons for the increase in the PPI from September to October 2012 were higher electricity prices and an increase in prices within extraction of oil and natural gas. Electricity prices shot up more than 22 per cent during this period. The prices within extraction of oil and natural gas rose by 0.6 per cent. Here, the increase was due to higher natural gas prices, as the price of oil (Brent Blend measured in NOK) fell during the same period. Lower prices of refined petroleum products as well as almost 3 per cent lower prices of mining support service activities during the same period dampened the increase in the PPI.

Prices within manufacturing fell by 0.9 per cent. Prices of refined petroleum products declined by 4.6 per cent, mainly due to lower export prices. Chemical and pharmaceutical products had 1 per cent lower prices in October than in September this year. An important reason for this was lower prices of basic chemicals sold to the domestic market. One industry that experienced a price increase from September to October was basic metals. Prices of non-ferrous metals rose by 1.6 per cent, due to higher export prices. However, several other sub-groups within the basic metals industry had lower prices in October than in September.

Twelve-month change: PPI up 1.7 per cent

The PPI rose 1.7 per cent from October 2011 to October 2012. The main reason why the PPI rose during this period was that prices within extraction of oil and natural gas rose by 2.7 per cent. Manufacturing prices went up by 1.3 per cent in the same period, most importantly because prices of refined petroleum products rose by close to 8 per cent.

Declining prices in several industries during the same period dampened the increase in the PPI from October 2011 to October 2012. The two most important contributions here came from the price development of basic metals, where prices dropped almost 7 per cent, and electricity prices, which went down by 0.5 per cent from October last year to October this year.

Producer price index. 2000=100
  October 2012 Changes, per cent
      September 2012-
October 2012 		    October 2011-
October 2012
Total index  244.4 0.4 1.7
       
Extraction and related services  379.0 - 2.8
Manufacturing, mining and quarrying  157.5 -0.9 1.3
Electricity, gas and steam supply  228.5 22.3 -0.5
       
Main industrial groupings      
Intermediate goods  141.5 -0.7 -1.4
Investment goods  129.2 -0.1 1.1
Consumer goods  133.8 0.1 0.5
Energy goods  355.5 1.1 3.3