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12536
Total index unchanged
statistikk
2004-10-11T10:00:00.000Z
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 September 2004

Content

Published:

This is an archived release.

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Total index unchanged

The total index was unchanged from August to September. Prices within refined petroleum products and electricity spot prices have decreased by 2.8 and 11 per cent respectively. Crude oil prices (Brent Blend) increased by 0.2 per cent.

Manufacturing prices went up by 0.2 per cent from August to September and most groups of products within manufacturing increased their prices. The most important exception was the prices of refined petroleum products witch decreased by 2.8 per cent. According to figures from London Spot Markets prices of unleaded petroleum and heavy fuel oil decreased by 0.5 and 2.3 per cent respectively.

Prices within oil and gas extraction increased by 9.4 per cent from August to September. Reduction of the stocks of oil in the US and continued high demand in Asia contributed to the continued high level of oil prices.

Figures from Nordpool show that electricity spot prices decreased by 11 per cent. High amount of precipitation and satisfactory levels in the water depots were the main reasons for the drop in electricity prices.

The price of the overall domestic market decreased by 0.5 per cent from August to September while the manufacturing prices were unchanged. The prices within refined petroleum products decreased more at the domestic market than for the domestic and export market as a whole. Also the metal prices decreased.

Among the main industrial groupings, prices of energy goods decreased by 0.5 per cent while consumer goods went up by 0.9 per cent.

12-month rate, September 2003 to September 2004

Manufacturing prices went up by 8.1 per cent compared with September 2003. Higher prices of refined petroleum products, chemicals and metals were the most important contributors to this growth.

The overall 12-month rate showed that prices have increased by 20.3 per cent. Oil prices (Brent Blend) increased by 49.5 per cent while electricity prices decreased by 5.1 per cent.

According to the main industrial groupings - energy goods increased by 33.8 per cent compared with figures for September 2003, while consumer goods rose by 2.4 per cent.

Producer price index. 2000=100
  September 2004 Change in per cent
  August-September 2004 September 2003-September 2004
Total index  111.0 0.0 20.3
Oil and gas extraction  116.6 0.2 38.8
Manufacturing, mining and quarrying  107.1 0.1 8.0
Electricity, gas and steam supply  220.6 -6.2 -5.1

Commodity price index for industrial sectors

As announced previously the articles for the Producer price index and the Commodity price index for the industrial sectors are now coordinated. The web pages for both surveys will remain the same for the time being - www.ssb.no/ppi_en and www.ssb.no/vppi_en.

The monthly changes of the producer price index and the commodity price index may show minor deviations due to different index levels and rounding. No extra information is added to the commodity price index.

Commodity price index for the industrial sectors. 2000=100
  September 2004 Change in per cent
  August-September 2004 September 2003-September 2004
Total index  115.9 -0.1 20.2
Oil and gas extraction  116.6 0.2 38.8
Manufacturing, mining and quarrying  107.2 0.0 7.8
Electricity, gas and steam supply  213.4 -6.2 -5.2