12919_not-searchable
/en/priser-og-prisindekser/statistikker/vppi/maaned
12919
Prices of oil products up
statistikk
2002-04-10T10:00:00.000Z
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
false

Commodity price index for the industrial sector (discontinued), 15 March 2002

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.

Content

Published:

This is an archived release.

Go to latest release

Prices of oil products up

The commodity price index increased 5.4 per cent from February to March mainly due to increased prices of crude oil and products thereof. As a result, the 12-month rate went from -8.9 per cent in February to -2.2 per cent in March.

According to London Spot Markets crude oil prices (Brent Blend) boosted about 14 per cent in NOK compared with last month. A main reason for this development is the military tension regarding Iraq. This increase mainly influenced the industry through a 10.4 per cent increase in prices of refined oil products. At this the industry showed a price increase of 1.2 per cent from February to March.

12-month rate still weak

The 12-month rate for the industry has been weak for several months, but recovered some as it ended at -3 per cent in March after -4.5 in February. To find a positive 12-month rate, one has to go back to July last year. As a result of the latest price increase, the 12-month rate for the refined oil products went from -27.4 per cent in February to -16.3 per cent in March. Pulp, paper and paper products fell 2 per cent from February to March, making the 12-month rate fall to -12.7 per cent. Beyond this only minor changes occured.

Commodity price index for the industrial sectors. 2000=100
  March 2002 Changes, per cent
  February 2002-March 2002 March 2001-March 2002
Total index 95.92 5.4 -2.2
Oil and gas extraction 87.05 11.8 -2.7
Manufacturing. mining and quarrying 98.54 1.2 -2.9
Electricity. gas and steam supply 154.31 -10.1 -3.8