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12509
Price record on heating fuel
statistikk
2005-05-10T10:00:00.000Z
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 2005

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Price record on heating fuel

The price of heavy heating fuel increased by 17.6 per cent to NOK 1422 per tonne from March to April, according to figures from the London Spot Market. The spot price has not been higher since October 2000.

The increase in manufacturing prices was 1.8 per cent from March to April. The majority of the manufacturing groups included in the index experienced small price increases, but the main driver behind the increase in the index was the 10.9 per cent price increase of refined petroleum products. This group has seen an increase in prices of 37 per cent since December, due to the continuous increase in prices of crude oil. Although there was a slight fall in crude oil prices from March to April, the price level remains very high.

The prices of energy goods increased by 0.3 per cent, while consumer goods and capital goods increased by 0.4 and 0.7 per cent respectively, all classified according to the main industrial grouping.

12-month rate: April 2004 to April 2005

In manufacturing, prices increased by 6.8 per cent compared to April 2004. The prices of refined petroleum products increased by 31.2 per cent and contributed most to the general price increase. In addition, the prices of fabricated metal products, and chemicals and chemical products have increased by 6.5 and 6.1 per cent in the last 12 months.

The total index for oil and gas extraction was 33.4 per cent higher than in April 2004.

Producer price index. 2000=100
  April 2005 Changes in per cent
  March-April 2005 April 2004-
April 2005
Total index  117.4 0.3 17.5
Oil and gas extraction  126.5 -1.4 33.4
Manufacturing, mining and quarrying  111.7 1.7 6.8
Electricity, gas and steam supply  209.1 2.1 -4.7

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.

Commodity price index for the industrial sectors. 2000=100
  April 2005 Changes in per cent
  March-April 2005      April 2004-
April 2005
Total index  122.7 0.3 17.6
Oil and gas extraction  126.5 -1.4 33.4
Manufacturing, mining and quarrying  111.9 1.7 6.8
Electricity, gas and steam supply  202.3 2.1 -4.7