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First price increase in six months
statistikk
2015-03-10T10:00:00.000Z
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, February 2015

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First price increase in six months

The price index of first-hand domestic sales (PIF) increased by 1.5 per cent from January to February. The rise in the total index was due to higher prices on petroleum and petroleum products as well as natural gas.

Price index of first-hand domestic sales. 2000=100Published 10 March 2015
Per centPer centIndexWeights1
February 2015 / January 2015February 2015 / February 2014February 2015
1The weights are updated annually, and are valid for the entire year.
Product groups
Total index1.5-1.8146.21 000.0
Food-0.35.6155.0192.6
Beverages and tobacco2.44.1161.814.3
Crude materials, inedible, except fuels-0.810.4138.847.7
Mineral fuels, lubricants and related materials9.2-22.4192.0218.4
Chemicals and related products, n.e.s.-1.31.1151.065.2
Manufactured goods classified by material-0.24.9137.6130.9
Machinery and transport equipment0.11.2103.8229.7
Miscellaneous manufactured articles0.43.4118.594.6

Source: Statistics Norway

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

The price index for first-hand domestic sales (PIF) was 146.2 in February (where 2000=100), compared to 144.0 in January, up 1.5 per cent in one month. The total index without mineral fuels, lubricants and related material fell by 0.2 per cent.

Monthly change: prospects of better economic growth gave higher prices

The price rise in the total PIF was the first rise in six months. Earlier price decreases emanated from lower prices within petroleum and petroleum products due to lower prices on crude oil. From January to February, the prices on crude oil rose about 19 per cent. This affected the prices of petroleum and petroleum products, where prices rose by 13.7 per cent. Prospects of better economic growth can explain the rise in prices on petroleum and petroleum products in February. The price on natural gas also increased from January to February, and was a strong contributor to the increase in the rise in the total PIF from the previous month.

A price reduction within chemicals, food and crude materials dampened the total rise in the PIF from January to February. Chemical prices fell due to lower prices on plastic in primary forms as well as lower prices on organic and inorganic chemicals. Prices on food decreased due to lower prices on fish and feeding stuff for animals, while prices on crude materials fell due to metalliferous ores and metal scrap.

Twelve-month change: 1.8 per cent drop in prices

From February 2014 to February 2015, the PIF decreased by 1.8 per cent, mainly due to lower prices within mineral fuels, lubricants and related materials, where prices fell by 22.4 per cent. Petroleum and petroleum products had the greatest impact within this product group as well as natural gas. Within the other product groups, prices rose from February 2014 to February 2015, mainly due to higher prices within food, manufactured goods as well as crude materials.