increase in bus costs compared to the same period last year
|Index level||Percentage change|
|4th quarter 2017 - 1st quarter 2018||1st quarter 2017 - 1st quarter 2018|
|Cost index for diesel-powered buses||100.0||1.3||4.3|
|Real interest rate||100.0||.||.|
|Repair and maintenance costs||100.0||1.2||2.4|
About the statistics
Cost index for passenger transport by bus describes the price trends for bus operating costs. The statistics are updated quarterly.
Definition of the most important concepts and variables:
Cost component: the main cost elements (cost components) in the bus industry.
Cost group: is a higher grouping of cost components. The Cost index for passenger transport by bus is divided into six cost groups (categories): labor costs (direct and indirect costs for all employees in the bus industry), fuel costs, depreciation, real interest rates, repair and maintenance costs, and administrative costs.
Base Price: a previous period that current prices are compared against.
Base year: also called index reference period, the year the index is set to 100.
Laspeyres price index: an index calculation method where the base period weights are kept constant. Statistics Norway operates with a variant of the Laspeyres index designated as L-type index. This variation means that the base price changes (eg. Quarterly) while the weights are often held for more than one year.
Elementary Group: the lowest grouping in index calculation hierarchy. An elementary index is a relative price change compared to a previous reference price (base price).
Jevons index: refers to the way we calculate / aggregate price relatives (price ratios) at the lowest level (elementary group) in index calculation. A Jevons index is a geometric mean of price ratios.
Weight: shows the cost ratio for a cost component, cost group or an industry in a given index. Weight ratio is used as a measure of the importance of a cost component and determines how much it should count in an index.
The applicable standard classification is The Standard Industrial Classification (SN2007) of Statistics Norway, which is based on the EU standard NACE Rev. 2.
Name: Cost index for passenger transport by bus
Topic: Transport and tourism
Division for Energy, Environmental and Transport Statistics
National level only.
The statistics is released around 80 days after the end of the relevant quarter.
Data are stored as text files in Linux.
The development process started in 2012 financed by NHO Transport, the transport arm of the Confederation of Norwegian Enterprises. The purpose of the statistics is to describe the development in costs connected to operating a bus passenger transport company. Six major cost groups are identified for the industry and quarterly cost indices for the six cost groups plus a total index for all the cost groups is produced regularly starting with the first quarter of 2010.
During the development process, a reference group composed of representatives from the industry itself and major utilizers of transport services insured that all relevant aspects of the cost structure were taken into account.
In 2017 a revision of the cost structure started and it was decided to expand the index to include new fuel types. A reference group was once again established with representatives from the bus industry and important users of their services.
Beginning 1st quarter of 2018 the Cost index for passenger transport by bus includes buses powered by the following energy forms:
- Natural gas
Beginning 1st quarter of 2018 the following cost distribution is implemented (per cent):
- Labour 59,0
- Fuel 11,1
- Repair and maintenance 10,4
- Administration 8,3
- Depreciation 10,3
- Real interest rates 1,0
The cost distribution was estimated by data collection from the seven largest bus companies with collectively about 85 per cent of total activity nationally. Weighting of the results of the seven enterprises was based on financial statement information.
The index has first quarter of 2018 as reference period (Q1 2010=100).
The statistics are used by businesses when signing and amending prices in passenger bus transport contracts. The indices are also used in price negotiations between providers and users of passenger transport by bus.
No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 08 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.
The labor cost index is based on data from the quarterly labour cost index produced by Statistics Norway. The indices for fuel costs, administration costs and repair and maintenance costs are based on price indices obtained from the Consumer Price Index and Producer price indices for services of Statistics Norway. Information on interest rates is obtained from the Oslo Stock Exchange and the Central Bank of Norway.
Statistics Act §§2-1, 2-2 and 2-3.
The cost index for passenger transport by bus includes the industry subgroup 49.311 Bus transport in urban and suburban areas and the industry subgroup 49.391 Bus transport outside urban and suburban areas of the Standard Industrial Classification (SN2007) of Statistics Norway. The index does not include chartered buses and sightseeing tours by bus.
The data source is mainly register based and most of the data is generated from Statistics Norway’s own registers. Supplementary data is also obtained from registers out side Statistics Norway. In addition, prices for buses, biodiesel and gas are collected directly by quarterly questionnaire.
The data utilized in developing the cost index for passenger transport by bus and their respective sources are listed as follows:
A. External data sources
- Bus producers/Suppliers – Depreciation costs are calculated based on bus prices
- Gas and biodiesel prices are collected from suppliers to the Norwegian market
- The real interest rate is based on 3-month Nibor collected from the Oslo Stock Exchange and inflation adjusted with CPI-ATE
B. Data from Statistic Norway’s registers
- NO-register – annual accounting data from enterprises is used in calculating the distribution of weights
- Diesel index
- Repair and maintenance costs for buses
- Repair maintenance of buildings
- Insurance connected with dwelling
- Post, telecommunication and print materials
- House rent
- Electricity including grid rent costs
- CPI total index
3. KOSTRA –Municipal services
- Water supply
- Sewerage services
- Waste removal services
4. Producer price indices for services
- Price index for Legal activities
- Price index for accounting and auditing services
- Price index Business consulting services
- Labor cost index (AKI): Wage cost for both administrative workers and drivers is obtained from Statistics Norway’s Labor cost index.
5. Cost index for freight transport by road
- Tire costs
- Insurance of transport equipment (insurance of buses)
6. Electricity prices
- Electricity prices are collected from Statistics Norway's statistics about electricity prices.
Based on the abovementioned sources several cost groups are calculated.
- Based on salary, irregular and regular supplement, overtime, holiday pay, pensions, social security and other overheads
- Per hour paid
- Both full-time and part-time employees
- Includes all enterprises in the bus industries, both private and public sector
Diesel costs are based on the actual pump prices obtained from a selection of retailers located around Norway and it is compiled every month by Statistics Norway for use in the Consumer Price Index.
Natural gas costs are based on data from suppliers to the Norwegian market.
Biogas costs are based on data from suppliers to the Norwegian market.
HVO/BTL costs are based on data from suppliers to the Norwegian market.
RME/B100 costs are based on data from suppliers to the Norwegian market.
Electricity costs are based on quarterly electricity price statistics which include information about average electricity prices for households, services and manufacturing in addition to the wholesale market.collected by Statistics Norway.
Repair and maintenance costs includes three cost components: Repair and maintenance of bus (workshop costs, cleaning, etc.), Tire costs and insurance costs
- Repair and maintenance of bus is based on the price index for maintenance and repair of personal transport equipment which is compiled every month by Statistics Norway for use in the Consumer Price Index. This index measures the overall growth in repair shop costs (parts and man-hour rates) at more than 60 auto repair shops all over Norway.
- Tire costs are based on reported prices from the six major tire brand retailers in Norway. It is derived from the cost index for freight road transport.
- Insurance costs are based on reports from the three insurers with the largest market share in the industry. Insurance costs are derived from cost index for freight road transport.
Depreciation costs are based on the price development of new buses from five market-dominating suppliers. The amortization period is 10 years with a residual value of 0 percent.
Real interest rates costs are based on 3-month Nibor plus interest margin, which is inflation-adjusted with a five-year average of CPI-ATE (CPI adjusted for tax changes and excluding energy products).
Administradtive costs include costs related to repair and maintenance of buildings, insurance (buildings), Sanitation, water and wastewater, accounting, auditing, consulting, office expenses, rental facilities, and light and heat. The various sub-indices are based on data that is already collected by Statistics Norway.
Questionnaires for collecting bus prices are distributed around the middle of the last month in the relevant quarter. Collected data is manually interred in the data editing application where it is treated with simple mathematical and logical controls.
The calculation of the indices is done in three steps:
- Elementary indices (price relatives) for representative goods/services are calculated first. These constitute the indices for the respective cost components under each cost group.
- The component indices are then weighted together in their respective cost groups to form the indices for the five cost groups, i.e. the sub-cost indices.
- In the end, the scb-cost indices for the five cost groups are weighted together to form the total cost index for bus.
The index reference period is the first quarter of 2018 (Q1 2018=100). The source of weights for the cost groups is figures obtained from selected companies in the industry supplemented with accounting data.
The treatment of collected data will be done in accordance with The Statistics Act.
The cost index of bus has been compiled by Statistics Norway since the first quarter of 2010.
Statistics norway changed the methodology for calculating interest rate beginning from the 3rd quarter of 2013. consequently, data in statistics bank pertaining to the affected indices, i.e kapital index and total index is updated with new figures. The press releases for the 1st and 2nd quarters of 2013 however have the old figures.
The Cost index for passenger transport by bus is largely based on data from other registers in Statistics Norway. Any measurement and processing errors in these registers will be transferred in to the index.
Over time there will be a changes in the cost structure of a bus company. In order to correctly weight the price changes, the weight ratio should at all times reflect the cost structure in the business. Satisfaction of this requirement for representativeness occurs when weights are revised periodically. For the bus index, a revision of weights will be executed every five years.
The data is edited by a set of simple manual and automated controls. Erronouse or incoherent data is detected using simple micro (manual) and macro (statistical controlls) editing and corrected accordingly.