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12905
Slight decline in overall prices
statistikk
2002-11-11T10:00:00.000Z
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 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.

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Slight decline in overall prices

The commodity price index decreased by 1 per cent from September to October. Lower prices of oil together with an overall decline in manufacturing prices were the main reasons for the decrease.

The group oil and gas extraction went down 2.4 per cent from September to October. In the same period figures from London Spot Markets showed a 2.8 per cent decline in prices of crude oil (Brent Blend - measured in NOK). Manufacturing prices decreased 0.5 per cent compared with last month's prices mainly due to lower prices of wood and wood products as well as for chemicals and basic metals. Few of the main groups within manufacturing show an increase in this period.

According to the main industrial groupings all categories showed a decline, the largest occurring in energy goods. Prices in the latter mentioned group decreased by 1.4 per cent.

The 12-month rate; Overall prices up 5.2 per cent

Higher prices within oil and gas extraction as well as a substantial price increase for electricity were the main explanatory variables for the overall rise. Manufacturing prices were somewhat down compared with October 2001. Prices were also down for pulp, paper and paper products, as well as for chemicals and basic metals. In addition prices of food products, beverages and tobacco continued to decrease and are now 1.7 per cent lower than one year ago.

Commodity price index for the industrial sectors. 2000=100
  October 2002 Changes, per cent
  September-October 2002 October 2001-October 2002
Total index 95.87 -1.0 5.2
Oil and gas extraction 87.45 -2.4 11.9
Manufacturing, mining and quarrying 97.39 -0.5 -1.7
Electricity, gas and steam supply  177.27 13.9 32.7