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New leap in electricity prices
statistikk
2005-04-11T10:00:00.000Z
Prices and price indices
en
pif, Price index of first-hand domestic sales, price trends, inflation, wholesale price index, domestic market, import market, product groups (for example food, chemical products, machines)Producer and wholesale price indices, Prices and price indices
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Price index of first-hand domestic sales, 15 March 2004

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New leap in electricity prices

The spot price of electricity rose by 15.5 per cent from February to March, according to Nord Pool. Cold weather was one important reason to the rise. After the irregular low price level in January, prices of electricity have increased during the two months, and are close to the average of 2004.

;>Price development for some SITC groups. 2000=100

The Price index of first-hand domestic sales increased by 1.2 per cent from February to March. The main causes were the prices of petroleum and petroleum products and electric current, which rose by 11.2 and 8.1, respectively. The two main groups - crude materials and mineral fuels, lubricants and related materials - increased by 0.7 and 9.7 per cent, respectively. The prices of the other main groups decreased. Prices of food decreased the most - down by 1.0 per cent. For the food the decrease in fish prices of 3.3 per cent contributed mostly, but also meat prices contributed with a decrease of 0.5 per cent.

The price increase in the overall domestic market came to 1.7 per cent. Also at domestic market this increase was due to the increases in the prices of petroleum and petroleum products and electric current. The increase was larger at the domestic market because these products have stronger weight.

The 12-month rate, March 2004 to March 2005: up 3.3 per cent

The overall 12-month rate shows a rise in prices of 3.3 per cent. Prices of petroleum and petroleum products increased by 34.2 per cent, of iron and steel by 19 per cent and of manufactures of metals by 5 per cent. Prices of food and electric current contributed contrary with decreases of 2.7 and 6.2 per cent, respectively.

Price index of first-hand domestic sales. 2000=100
  March 2005 Changes in per cent
  February-March 2005 March 2004-March 2005
Total index  111.2 1.2 3.3
Food and live animals  106.2 -1.0 0.0
Beverages and tobacco  109.4 -1.1 0.1
Crude materials, inedible, except fuels 99.4 0.7 -0.3
Mineral fuels, lubricants and related materials  124.3 9.7 20.6
Chemicals and related products, n.e.s.  107.3 -0.3 0.3
Manufactured goods classified by material  106.6 -0.1 3.3
Machinery and transport equipment  102.9 -0.2 -0.8
Miscellaneous manufactured articles  104.2 -0.2 0.5