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Higher energy prices
statistikk
2013-10-10T10:00:00.000Z
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 September 2013

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Higher energy prices

The Producer price index (PPI) rose by 0.5 per cent from August to September 2013. The increase in the PPI was largely due to higher prices of energy goods. From September 2012 to September 2013 the PPI rose by 3.2 per cent.

Producer price index. 2000=100Published 10 October 2013
Per centIndexWeights1
September 2013 / August 2013September 2013 / September 2012September 2013
1The weights are updated annually, and are valid for the entire year.
Industrial Classification
Extraction, mining, manufacturing and electricity0.53.2251.41 000.0
Extraction and related services0.43.3391.4482.3
Mining and quarrying-3.2-0.4162.59.6
Manufacturing0.20.2159.2466.1
Food, beverages and tobacco-0.64.8150.394.6
Refined petroleum, chemicals, pharmaceuticals1.3-3.3223.8136.5
Basic metals-0.4-4.4155.441.3
Machinery and equipment1.02.9151.347.9
Electricity, gas and steam5.540.0261.742.0

Source: Statistics Norway

The PPI rose by 0.5 per cent from August to September 2013. Prices of electricity, refined petroleum products and prices within extraction of oil and natural gas rose by 5.5, 2.1 and 0.4 per cent respectively. Prices of food products decreased during the same period, partly due to the lower prices of meat and fish. In addition to the lower food prices, decreasing prices of electrical equipment and chemical products also played a part in dampening the increase in the PPI.

Twelve-month change: 3.2 per cent higher prices

The PPI rose by 3.2 per cent from September 2012 to September 2013. In addition to a 40 per cent jump in electricity prices, a 4.4 per cent price increase within extraction of oil and natural gas and a 4.7 per cent increase in food prices played a large role in pushing up the PPI. Prices of refined petroleum products and basic metals, on the other hand, fell by 6.1 and 4.4 per cent respectively during the same period.