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54439
Decrease in prices of energy goods
statistikk
2011-06-10T10:00:00.000Z
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 May 2011

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Decrease in prices of energy goods

The producer price index (PPI) fell by 2.1 per cent from April to May 2011 mainly caused by lower prices of energy goods.

Price development for selected industries. 2000=100

From April to May 2011, prices of crude oil (Brent Blend) and refined petroleum products decreased by 5.6 and 5.1 per cent respectively. In refined petroleum products the decline was larger in the export market compared to the domestic market. From August/September 2010 to April 2011, prices of crude oil and petroleum products rose sharply.

Manufacturing prices down 0.7 per cent.

Manufacturing prices fell 0.7 per cent from April to May. In addition to the price decline in refined petroleum products, prices of basic metals fell in the export market. In the domestic market, prices of iron and steel fell. From July 2010 to February 2011, prices in basic metals increased, followed by a total fall of 3.6 per cent.

The price growth in chemicals and pharmaceutical products continued from April to May with a 1.3 per cent increase. Basic chemicals in the domestic market increased 5.4 per cent.

Twelve month change: PPI up 18 per cent

The price growth in PPI over the last twelve months was caused in particular by higher prices in extraction of oil and natural gas together with refined petroleum products. In addition, prices of food products together with chemicals and pharmaceutical products increased by 6 and 14 per cent respectively.

Producer price index. 2000=100
  May 2011 Changes, per cent
  April 2011-May 2011 May 2010-May 2011
Total index  240.4 -2.1 18.0
       
Extraction of oil and natural gas  355.7 -4.0 29.9
Manufacturing, mining and quarrying  157.4 -0.7 8.6
Electricity, gas and steam supply  326.0 -0.3 7.9
       
Main industrial groupings  147.9 0.1 7.6
Intermediate goods  126.5 0.0 1.1
Investment goods  132.2 0.8 5.0
Consumer goods  116.8 3.3 3.3
Energy goods  341.6 -4.0 28.2

For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .