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12848
Increase in PPI offset by lower electricity prices
statistikk
2007-06-11T10:00:00.000Z
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 index15 May 2007

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Increase in PPI offset by lower electricity prices

The producer price index (PPI) increased by 0.6 per cent from April to May, mainly due to higher prices of crude oil and manufacturing. Electricity prices pulled the PPI down on the other hand.

;>Price development for some groups. 2000=100

The majority of product groups in manufacturing showed an increase in prices from April to May. The largest increase was a 4.7 per cent increase in prices of refined petroleum products. Figures from the London spot market showed a 7.5 per cent increase in prices of unleaded petroleum in this period, while prices of heavy fuel oil increased by 4.3 per cent. Prices of wood and wood products continue to rise and increased by 1.2 per cent last month. The London Metal Exchange indicated that prices of aluminium increased by 3.5 per cent, while nickel went up 3.3 per cent. Only food products experienced a decrease in prices in May.

Among the main industrial groupings intermediate goods and energy goods increased by 0.5 and 0.8 per cent, respectively.

12-month rate

Manufacturing prices have increased by 6.5 per cent since May last year, with price increases for most products. Basic metals showed the largest increase, with prices up 18.8 per cent. Chemical prices have increased by 6.0 per cent, while rubber and plastic products is the only group that have experienced a decrease in prices.

The total index is down 1.7 per cent compared with May last year, mainly due to lower prices of energy goods. Prices of crude oil (Brent Blend) have fallen by 5.9 per cent, while electricity prices have decreased by 38.9 per cent.

Among the main industrial groupings prices of intermediate goods increased by 10.7 per cent over the last twelve months, while consumer goods went up 1.5 per cent. Energy goods went down 7.2 per cent.

Producer price index. 2000=100
  May 2007 Changes, per cent
  April 2007-May 2007 May 2006-May 2007
Total index  134.8 0.6 -1.7
Oil and gas extraction  146.5 0.2 -6.8
Manufacturing, mining and quarrying  130.1 1.2 6.5
Electricity, gas and steam supply  151.8 -4.4 -38.9
Commodity price index for the industrial sectors. 2000=100
  May 2007 Changes, per cent
  April 2007-May 2007 May 2006-May 2007
Total index  140.8 0.6 -1.7
Oil and gas extraction  146.5 0.2 -6.8
Manufacturing, mining and quarrying  130.3 1.2 6.5
Electricity, gas and steam supply  146.9 -4.4 -38.9