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266867
Higher bus costs
statistikk
2016-06-27T10:00:00.000Z
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 cost development for bus operations. Total bus costs increased from 1st quarter of 2015 to 1st quarter of 2016.

Cost index for passenger transport by bus, Q1 2016

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Higher bus costs

The cost index for passenger transport by bus went up by 0.6 per cent from 1st quarter of 2015 compared to the same quarter in 2016. Compared to 4th quarter of 2015 the index increased by 1.2 per cent.

Cost index for passenger transport by bus. Q1 2010=100Published 27 June 2016
Index levelPercentage change
1st quarter 20164th quarter 2015 - 1st quarter 20161st quarter 2015 - 1st quarter 2016
Cost index for passenger transport by bus. Total index115.21.20.6
Labour costs. Sub index125.30.62.0
Fuel costs. Sub index104.4-2.2-5.8
Capital costs. Sub index69.19.0-3.2
Repair and maintenance costs. Sub index122.30.93.8
Administrative costs. Sub index113.91.22.7

Source: Statistics Norway

The sub-index for labour costs went up 2.0 per cent from 1st quarter of 2015 to 1st quarter of 2016. From 4th quarter of 2015 to 1st quarter of 2016 the increase was 0.6 per cent. Labour costs are the most important part of the total index and constitutes 56 per cent of the costs.

Reduced fuel costs

The sub-index for fuel decreased by 5.8 per cent compared to the same quarter in 2015. From 4th quarter of 2015 to 1st quarter of 2016 the decrease was 2.2 per cent.

Lower capital costs

The sub-index for capital costs decreased 3.2 per cent from 1st quarter of 2015 to 1st quarter of 2016. Capital costs consist of depreciation costs for new buses and interest costs. Interest rates are based on 10 year bonds from the Central Bank, adjusted by the CPI-ATE (CPI adjusted for tax changes and excluding energy products).

More expensive repairs and administration

The sub-indices for repair / maintenance and administration increased by respectively 3.8 and 2.7 per cent from 1st quarter of 2015 to 1st quarter of 2016. Compared to 4th quarter of 2015 the increase was 0.9 and 1.2 per cent respectively.

Changes in the calculation of interest costsOpen and readClose

The sub-index for capital costs consist of depreciation costs and interest costs. The interest cost is calculated considering the development of the inflation rate. To take into account the banks' average lending margins, a premium of 1.79 per cent on the money market rate has been added from 1st quarter of 2013 to 4th quarter of 2015. Gradually this charge has stopped reflecting the real difference between the lending rate and the money market rate. Starting 1st quarter of 2016 the lending margin is based on Statistics Norway's quarterly statistics on interest rates in banks and mortgage companies: http://www.ssb.no/en/renter