Prices on natural gas pulled up the PPI

Published:

The producer price index (PPI) rose by 2.5 per cent from September to October. The main reason for this was higher prices on natural gas.

Norwegian natural gas is among other things used for heating throughout the continent. Falling temperatures in Europe due to season can thus be a factor contributing to higher natural gas prices. Prices on natural gas went up by over 15 per cent from September to October. The prices of crude oil and refined petroleum products also went up adding to the increase in the PPI total.

Figure 1. Price indices. 2012=100
Figure 1. Price indices. 2012=100
Electricity Extraction of oil and natural gas
Jan. 2012 114.2 102.8
Feb. 2012 133.7 102.4
Mar. 2012 103.1 107.9
Apr. 2012 103.7 103.2
May 2012 96.5 100
Jun. 2012 89.9 93.2
Jul. 2012 69 97.5
Aug. 2012 81.5 101.5
Sept. 2012 83 97.7
Oct. 2012 101.4 98.2
Nov.2012 103 98.5
Dec. 2012 120.9 97.1
Jan. 2013 118.3 97.7
Feb. 2013 116.4 98.6
Mar. 2013 125.5 98.7
Apr. 2013 128.7 99.8
May 2013 113.2 96.2
Jun. 2013 107.8 96.6
Jul. 2013 108.7 100.3
Aug. 2013 110.1 101.6
Sept. 2013 116.2 101.9
Oct. 2013 119 100
Nov.2013 117.1 101.4
Dec. 2013 111.7 104.9
Jan. 2014 111.7 105.1
Feb. 2014 105 103.8
Mar. 2014 96.9 97.9
Apr. 2014 91.7 97
May 2014 89.9 95
Jun. 2014 87.5 95.8
Jul. 2014 96.7 92.2
Aug. 2014 102.4 89.4
Sept. 2014 108.7 89.6
Oct. 2014 101.4 89.9
Nov.2014 102 83.5
Dec. 2014 110.4 84.1
Jan. 2015 106.9 75.9
Feb. 2015 102.6 80
Mar. 2015 95 82.4
Apr. 2015 93.4 82.4
May 2015 87 83.1
Jun. 2015 72.3 84.8
Jul. 2015 62 80.6
Aug. 2015 69.6 72
Sept. 2015 77.9 72.2
Oct. 2015 91.1 71.8
Nov.2015 100 71.3
Dec. 2015 89.8 64
Jan. 2016 122.7 54.3
Feb. 2016 96.2 52.7
Mars.2016 101.2 54.2
Apr. 2016 101 54.8
May 2016 102.3 58.2
Jun. 2016 110.8 61.7
Jul. 2016 108.5 61.9
Aug. 2016 106.5 60
Sept. 2016 107 57.9
Oct. 2016 126.9 60.4
Nov.2016 145.7 62.9
Dec. 2016 127.6 73.8
Jan. 2017 123 72.5
Feb. 2017 125 76.2
Mar. 2017 122.6 75.3
Apr. 2017 120.3 69.6
May 2017 120.3 67.9
Jun. 2017 110.4 64.3
Jul. 2017 113.8 62
Aug. 2017 116.3 62.5
Sept. 2017 127.5 66.8
Oct. 2017 120.3 73

Lower prices on fish

The prices within the manufacturing industry as a whole went up by 0.5 per cent from September to October. This was to a large extend caused by higher prices within the refining industry, where prices on refined petroleum products increased by 6.4 per cent. The price development on food products pulled in the other direction and that was mainly caused by lower prices on fish and seafood products. This was the third month in a row with declining prices on processed fish and seafood.

 

 

Contact