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12899
Weaker rise in prices of oil and electricity
statistikk
2003-02-10T10:00:00.000Z
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 January 2003

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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Weaker rise in prices of oil and electricity

The commodity price index went up by 3.3 per cent from December to January, after showing a 6.3 per cent rise the month before. The reduced growth was due to a lower price increase for oil as and electricity. As last month, manufacturing prices went up 0.6 per cent.

After increasing about 10 per cent last month, prices of products from oil and gas extraction went up 5.8 per cent from December to January. According to the London Spot Market the price of crude oil (Brent Blend) went up 8.5 per cent in this period. Electricity prices continue to rise, but the 16.4 per cent increase from last month is somewhat less than the rates in the previous months. Manufacturing prices went up 0.6 per cent, mainly due to higher prices of refined petroleum products. This development was to some extent softened by decline prices of food, pulp, paper and paper products.

According to end use - prices of energy goods went up 6.8 per cent, while consumer goods decreased by 0.7 per cent.

The 12-month rate: Overall prices up 11.6 per cent

Overall prices are now 11.6 per cent higher than they were last January. The price of oil (Brent Blend) has increased approximately 25 per cent in this period, while electricity prices have risen more than 130 per cent. Compared with 12 months ago manufacturing prices have only increased 0.2 per cent. In the latter group higher prices of refined petroleum products was counteracted by decreases in basic metals, food and pulp, paper and paper products.

Commodity price index for the industrial sectors. 2000=100
  January 2003 Changes, per cent
  December 2002- January 2003 January 2002- January 2003
Total index 99.87 3.3 11.6
Oil and gas extraction 89.70 5.8 19.9
Manufacturing, mining and quarrying 97.95 0.6 0.2
Electricity, gas and steam supply  376.60 16.4  133.5