This is an archived release.
Higher prices of petroleum products
The producer price index rose by 2.3 per cent from March to April 2011. Higher prices of oil, natural gas and refined petroleum products were the main reasons behind the increase in the overall index.
The producer price index rose by 2.3 per cent from March to April 2011. The increase in the PPI was mainly due to higher prices within extraction of oil and natural gas as well as refined petroleum products. Lower prices of electricity and basic metals during the same period dampened the increase in the overall PPI, as they did from February to March.
Within manufacturing, the prices went up 1 per cent from March to April. One of the product groups that experienced a price rise was fabricated metal products, where prices rose by 1.3 per cent. This was due to higher prices on the domestic market, while export prices on fabricated metal products sank.
Twelve-month change: 20 per cent
The producer price index increased by 20 per cent from April 2010 to April 2011. Prices within extraction of oil and natural gas rose 35 per cent, while refined petroleum products had around 30 per cent higher prices in April this year compared to twelve months earlier. However, there were also significant price increases within other industries, such as food products, chemical and pharmaceutical products and basic metals. Here prices grew by 6.7, 13.3 and 11.1 per cent respectively.
|April 2011||Changes, per cent|
|Extraction of oil and natural gas||370.7||5.5||35.0|
|Manufacturing, mining and quarrying||158.5||1.0||9.7|
|Electricity, gas and steam supply||327.1||-13.9||-4.0|
|Main industrial groupings|
For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .
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