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This is an archived release.
Stable bus costs
The cost index for passenger transport by bus went up by 0.4 per cent from the 2nd quarter of 2015 to the same quarter in 2016. Compared to the 1st quarter of 2016, the index increased by 0.3 per cent.
Index level | Percentage change | ||
---|---|---|---|
2nd quarter 2016 | 1st quarter 2016 - 2nd quarter 2016 | 2nd quarter 2015 - 2nd quarter 2016 | |
Cost index for passenger transport by bus. Total index | 115.6 | 0.3 | 0.4 |
Labour costs. Sub index | 125.8 | 0.4 | 1.9 |
Fuel costs. Sub index | 105.0 | 0.6 | -6.0 |
Capital costs. Sub index | 67.8 | -1.9 | -6.4 |
Repair and maintenance costs. Sub index | 123.0 | 0.6 | 3.7 |
Administrative costs. Sub index | 114.7 | 0.7 | 3.4 |
The sub-index for labour costs went up 1.9 per cent from the 2nd quarter of 2015 to the 2nd quarter of 2016. From the 1st quarter of 2016 to the 2nd quarter of 2016, the increase was 0.4 per cent. Labour costs are the most important part of the total index and constitute 56 per cent of the costs.
Reduced fuel costs
The sub-index for fuel decreased by 6.0 per cent compared to the same quarter in 2015. From the 1st quarter of 2016 there was an increase of 0.6 per cent.
Lower capital costs
The sub-index for capital costs decreased 6.4 per cent from the 2nd quarter of 2015 to the 2nd quarter of 2016. From the 1st quarter of 2016 there was a decrease of 1.9 per cent. Capital costs consist of depreciation costs for new buses and interest costs. Interest rates are based on 10-year bonds from the Central Bank, adjusted by the CPI-ATE (CPI adjusted for tax changes and excluding energy products).
More expensive repairs and administration
The sub-indices for repair/maintenance and administration increased by 3.7 and 3.4 per cent respectively from the 2nd quarter of 2015 to the 2nd quarter of 2016. Compared to the 1st quarter of 2016 the increase was 0.6 and 0.7 per cent respectively.
Changes in the calculation of interest costsOpen and readClose
The sub-index for capital costs consist of depreciation costs and interest costs. The interest cost is calculated considering the development of the inflation rate. To take into account the banks' average lending margins, a premium of 1.79 per cent on the money market rate has been added from 1st quarter of 2013 to 4th quarter of 2015. Gradually this charge has stopped reflecting the real difference between the lending rate and the money market rate. Starting 1st quarter of 2016 the lending margin is based on Statistics Norway's quarterly statistics on interest rates in banks and mortgage companies: http://www.ssb.no/en/renter
Contact
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Geir Martin Pilskog
E-mail: geir.martin.pilskog@ssb.no
tel.: (+47) 40 81 13 83
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Gudveig Ihlang
E-mail: gudveig.ihlang.braten@ssb.no
tel.: (+47) 40 81 13 85