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12741
The total index falls by 1.2 per cent
statistikk
2000-05-10T10:00:00.000Z
Prices and price indices;National accounts and business cycles;Energy and manufacturing
en
ppi, Producer price index, price trends, inflation, domestic market, export market, economic indicator, intermediate goods, energy goods, consumables, capital goods, metal-working industry, food industry, oil refining, machine industry, mining, metal prices (for example gold, aluminium, copper)Producer 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
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Producer price index, 15 April 2000

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The total index falls by 1.2 per cent

The large decrease in the total index for April is mainly due to a decline in the price of crude oil, but there was also a fall in manufacturing prices. The 12-month rate for the total index fell from 8.4 to 6.2 per cent.

According to the London Spot Markets, the average price of Brent Blend fell by 16.9 per cent from March to April (measured in NOK). This decline came after OPECs decision not to continue their self-imposed production restrictions. The average price for April was NOK 193.60. This caused the prices in the group oil extraction mining and quarrying to decrease by 8.0 per cent from March to April. The 12-month rate went down from 51.1 to 30.3 per cent.

Decreasing manufacturing prices

For the first time since June last year, there was a decline in manufacturing prices. The group manufacture of chemicals and chemical petroleum, coal, rubber and plastic products showed the largest change, with a 1.9 per cent decline. The group manufacture of paper and paper products, printing and publishing also contributed, with a decline of 0.9 per cent. The largest contribution came through export prices.

The prices of food, beverages and tobacco pulled in the opposite direction, increasing by 0.4 per cent in April. For the other groups there were only minor changes.

All in all manufacturing prices fell by 0.3 per cent, causing the 12-month rate to go down from 5.1 to 4.3 per cent.

Producer price index. 1981=100
  April 2000 Changes, per cent
  March 2000-April 2000 April 1999-April 2000 January-April 1999-January-April 2000
Total index 175,1 -1,2 6,2 7,5
Oil extraction, mining and quarrying 121,2 -8,0 30,3 46,6
Manufacturing 181,4 -0,3 4,4 4,4
Manufacture of food, beverages and tobacco 204,1 0,4 0,0 -0,4
Manufacture of textiles, wearing apparel, leather and leather products 159,8 - 0,5 0,5
Manufacture of wood and wood products 189,4 0,1 2,1 2,0
Manufacture of paper and paper products, printing and publishing 207,3 -0,9 4,4 4,3
Manufacture of chemicals and chemical petroleum, coal, rubber and plastic products 148,5 -1,9 16,7 18,9
Manufacture of mineral products 218,5 0,3 1,6 1,5
Manufacture of basic metals 146,3 -0,3 8,5 8,3
Manufacture of fabricated metal products, machinery and equipment 191,7 0,1 1,7 1,3