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183498
No growth in bus costs
statistikk
2015-03-24T10:00:00.000Z
Transport and tourism
en
kbuss, Cost index for passenger transport by bus, administrative costs, repair and maintenance costs, labour costs, capital costs, diesel fuel costs, gas fuel costsLand transport , Transport and tourism
false
The cost index for passenger transport by bus shows the price development in different cost components. Total bus costs were stable from the 4th quarter of 2013 to the 4th quarter of 2014.

Cost index for passenger transport by bus, Q4 2014

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No growth in bus costs

The cost index for passenger transport by bus was stable from the 4th quarter of 2013 to the corresponding quarter in 2014. Compared to the 3rd quarter of 2014, the index decreased by 0.7 per cent.

Kost indeks for passenger transport by bus. Q1 2010=100Published 24 March 2015
Index levelPercentage change
4th quarter 20143rd quarter 2014 - 4th quarter 20144th quarter 2013 - 4th quarter 2014
Cost index for passenger transport by bus. Total index114.4-0.70.0
Labour costs. Sub index121.50.22.8
Fuel costs. Sub index114.8-3.0-4.2
Capital costs. Sub index73.8-4.8-19.5
Repair and maintenance costs. Sub index116.90.33.5
Administrative costs. Sub index110.00.52.9

Source: Statistics Norway

The sub-index for capital costs declined the most in the period from the 4th quarter of 2013 to the 4th quarter of 2014; a decrease of 19.5 per cent. From the 3rd to the 4th quarter of 2014 there was a decline of 4.8 per cent. The change in capital costs is mainly due to changes in interest rates. Interest rates are based on 10-year bonds from the central bank, which are adjusted for inflation with CPI-ATE (CPI adjusted for tax changes and excluding energy products).

Reduced fuel costs

The sub-index for fuel declined by 4.2 per cent compared to the corresponding quarter in 2013, and compared to the 3rd quarter of 2014 there was a decrease of 3.0 per cent.

Labour costs increased

The sub-index for labour costs went up 2.8 per cent from the 4th quarter of 2013 to the 4th quarter of 2014. From the 3rd quarter to the 4th quarter in 2014 the increase was 0.2 per cent. Labour costs are the main component of the overall index and constitute 56 per cent of the total cost. Sub-indices for administrative and repair costs had a growth of 2.9 and 3.5 per cent respectively from the 4th quarter of 2013. Since the 3rd quarter of 2014, the increase has been 0.5 and 0.3 per cent respectively.