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12747
Rising manufacturing prices
statistikk
2000-02-10T10:00:00.000Z
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 index15 January 2000

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Rising manufacturing prices

An increase in manufacturing prices contributed to the total index rise by 0.6 per cent from December to January. The 12-month rate increases from 6.8 to 7.2 per cent. This in spite of the average oil price remaining unchanged in January.

The first month of the year was characterized by many price adjustments not an unusual phenomenon in January. There has been an increase in most of the groups, while no group has had a decrease. The group oil extraction, mining and quarrying showed only a minor increase of 0.3 per cent this time an increase totally attributable to rising prices in metal ore mining. Oil extraction, mining and quarrying experienced an increase of roughly 2.5 per cent the same period last year, contributing to a decrease in the 12-month rate from 51.7 to 48.5 per cent.

 PPI Total: Development the last three years (December last year=100)

Manufacturing

Manufacturing prices are still rising, this month by 0.7 per cent. This is the highest monthly rate observed since January 1995. The 12-month rate thereby went up from 3.3 to 3.9 per cent. The group manufacture of chemicals and chemical petroleum, coal, rubber and plastic products increased by 2.4 per cent. Other groups showing considerable increases are manufacture of paper and paper products, printing and publishing (0.9 per cent), and manufacture of basic metals (0.8 per cent). In the former group changing prices of books and magazines contributed the most, but also paper and paper products showed increasing prices. Changes in the export market however, pulled in the opposite direction. Here, the prices of some paper products were falling.

The development in the group manufacture of food, beverages and tobacco is also worth noticing: There has been no change from December to January this group is also the only one with a negative 12-month rate (-0.5 per cent). The two preceding years the index had been rising, while 1999 saw a fall.

<  PPI Manufacturing: Development the last three years (December last year=100)

The development of the PPI

A retrospect of the PPI development the last three years shows that the index increased strongly last year especially the last half year. We also see that this increase continued in year 2000. This can to a great extent be explained by increasing oil prices, but we see that a similar illustration of the development in manufacturing gives the same picture. Also here some of the increase is due to the rising oil price, causing the prices of refined oil products to increase.

 

Producer price index. 1981=100
 
  Changes, per cent
 January 2000December 1999-January 2000January 1999-January 2000November-January 1998-1999 - November-January 1999-2000
 
Total index173,80,67,26,6
Oil extraction, mining and quarrying123,40,348,548,2
Manufacturing179,10,73,93,3
Manufacture of food, beverages and tobacco202,70,0-0,5-0,6
Manufacture of textiles, wearing apparel, leather and leather products159,50,30,30,3
Manufacture of wood and wood products189,30,22,01,6
Manufacture of paper and paper products, printing and publishing204,80,93,43,1
Manufacture of chemicals and chemical petroleum, coal, rubber and plastic products145,22,417,515,3
Manufacture of mineral products216,00,31,61,7
Manufacture of basic metals140,90,87,15,4
Manufacture of fabricated metal products, machinery and equipment189,80,51,01,1