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12929
Manufacturing prices declined
statistikk
2001-11-09T10:00:00.000Z
Prices and price indices;National accounts and business cycles;Energy and manufacturing
en
vppi, Commodity price index for the industrial sector (discontinued), price trends, inflation, domestic market, export market, oil and gas production, mining and quarrying, electricity supply, economic indicator, intermediate goods, energy goods, consumables, capital goods, metal-working industry, food industry, oil refining, machine industryProducer 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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Commodity price index for the industrial sector (discontinued), 15 October 2001

The statistics has been discontinued, but the same figures can be found in this statistics Producer price index for oil and gas, manufacturing, mining and electricity.

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Manufacturing prices declined

The producer prices continued its downward tendency from September to October. Within manufacturing the 12-month rate fell from -2.1 per cent to -4.3 per cent in October. In June 2000 the 12-month rate reached 11 per cent and has since that been decreasing.

The downward tendency in the manufacturing prices is mainly caused by a decline in refined oil products and basic metals. Since October last year, the prices of refined oil products have declined by 27 per cent, while prices of basic metals were about 17 per cent lower. Contrary to this development is the price movement within food products, beverages and tobacco, which has been more stable. The 12-month rate reached 4.4 per cent in October compared with 3.8 per cent in September.

Increased prices for consumer goods

The consumer goods aggregate for indices grouped after main industrial groupings shows an increase by 0.8 per cent from September to October while the 12-month rate increased 4.2 per cent. The energy goods aggregate is highly influenced by the price development of crude oil and refined oil products. From September to October prices declined by 15.6 per cent, while the 12-month rate have decreased by more than 30 per cent. For the other aggregates a weak downward tendency is found.

Commodity price index for the industrial sectors. 2000=100
    Changes, per cent
  October 2001 September 2001-October 2001 October 2000-October 2001
Total index 87,88 -10,0 -19,1
Oil and gas extraction 78,14 -16,3 -31,8
Manufacturing, mining and quarrying 98,81 -1,6 -4,1
Electricity, gas and steam supply 138,13 -3,1 17,5