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/en/priser-og-prisindekser/statistikker/pif/arkiv
12439
Increase in electricity prices
statistikk
2006-02-10T10:00:00.000Z
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
false

Price index of first-hand domestic sales, 15 January 2006

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Increase in electricity prices

The price index of first-hand domestic sales increased by 2.1 per cent in January. The electricity spot prices went up by 22 per cent from December 2005 to January 2006 according to the monthly mean price from NordPool. The prices on petroleum products did also rise during the last month.

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

Food prices were influenced by the increase in fruit and vegetable prices and increased by 0.7 per cent after a decrease in December. Beverage prices and prices on crude materials increased as well, 2.8 and 1 per cent respectively. The prices on petroleum products went up by 10 per cent in January. Electricity prices are on their highest level since February 2003 according to NordPool.

Prices on machinery and transport equipment decreased by 0.1 per cent. The most important groupings decreased. Prices on office machines, data processing machines decreased by 1 per cent from December to January.

The prices related to the domestic production increased by 3.7 per cent compared to December. The energy price increase is the most important reason for this increase.

The 12-month rate, January 2005 to January 2006: up 7.3 per cent

The last twelve months the price index of first-hand domestic sales increased by 7.3 per cent. Prices on energy goods are the main contributors to the increase this period. Electricity prices and prices of petroleum products increased by 48.7 and 46.8 per cent respectively. Food prices increased by 2.2 per cent and prices on machinery and transport equipment decreased by 1.7 per cent compared to January 2005.

The twelve-month rate for the prices related to the domestic production increased by 10.7 per cent compared to January 2005. This is due to the increase in electricity prices and prices of petroleum products.

Price index of first-hand domestic sales. 2000=100
  January 2006 Changes in per cent
  December 2005-
January 2006 		January 2005-
January 2006
Total index  116.6 2.1 7.3
Food and live animals  109.7 0.7 2.2
Beverages and tobacco  114.0 2.4 3.2
Crude materials, inedible, except fuels 99.4 1.0 0.8
Mineral fuels, lubricants and related materials  155.2 10.0 44.8
Chemicals and related products, n.e.s.  108.0 0.1 1.4
Manufactured goods classified by material  109.1 0.8 2.8
Machinery and transport equipment  101.4 -0.1 -1.7
Miscellaneous manufactured articles  102.7 -0.4 -0.8

Updated weights for 2006

The weights used in the index are revised with new figures from The National Accounts. These updates increase the part of mineral fuels, lubricants and electricity in the index in 2006. This is mostly due to the high turnover figures in the petroleum industry. The food prices relative influence of the index decreased 22.8 per cent, while chemical products' importance increases, in particular because of the increased import value and turnover in the pharmaceutical industry. The same trends are seen for the domestic production of goods.