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147978
Price decrease in PIF
statistikk
2014-11-10T10:00:00.000Z
Prices and price indices
en
pif, Price index of first-hand domestic sales, price trends, inflation, wholesale price index, domestic market, import market, product groups (for example food, chemical products, machines)Producer and wholesale price indices, Prices and price indices
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The price index of first-hand domestic sales (PIF) measures the price change of the first commercial transaction for many products, producers’ selling prices and importers’ buying prices.

Price index of first-hand domestic sales, 15 October 2014

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Price decrease in PIF

The price index for first-hand domestic sales (PIF) decreased by 0.6 per cent from September to October. The price fall was due to price declines on petroleum and petroleum products, as well as electricity.

Price index of first-hand domestic sales. 2000=100Published 10 November 2014
Per centPer centIndexWeights1
October 2014 / September 2014October 2014 / October 2013October 2014
1The weights are updated annually, and are valid for the entire year.
Product groups
Total index-0.60.0147.41 000.0
Food0.33.1148.0180.1
Beverages and tobacco2.45.3160.315.0
Crude materials, inedible, except fuels1.312.8140.552.0
Mineral fuels, lubricants and related materials-4.3-9.2225.2240.4
Chemicals and related products, n.e.s.-0.10.1148.568.4
Manufactured goods classified by material0.53.7134.2126.6
Machinery and transport equipment-0.2-0.4101.5219.3
Miscellaneous manufactured articles0.22.5115.590.7

Source: Statistics Norway

Figure 1. Price development for some SITC groups. 2000=100

The price index for first-hand domestic sales (PIF) was 147.4 in October (where 2000=100), compared to 148.3 in September. From October 2013 to October 2014 the PIF remained unchanged.

Monthly change: lower prices within electricity and petroleum products

The decrease in the PIF was mainly due to a 4.3 per cent reduction in prices within ‘mineral fuels, lubricants and related materials’. Prices are mainly driven by lower prices on petroleum and petroleum products as well as electricity, with a 5 and 6.9 per cent drop respectively.

Higher prices of crude materials dampened the total fall in the PIF from September to October. Prices increased by 1.3 per cent within this group, mainly due to higher prices of ‘metalliferous ores and metal scrap’. Prices of ‘manufactured goods’ and ‘animal and vegetable oils, fats and waxes’ also rose.

Twelve-month change

There was no change in the total PIF from October 2013 to October 2014. Lower prices within ‘mineral fuels, lubricants and related materials’ were offset by higher prices on crude materials, food products and manufactured goods.