84914_not-searchable
/en/priser-og-prisindekser/statistikker/pif/arkiv
84914
Decline in food prices
statistikk
2012-10-10T10:00:00.000Z
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 September 2012

Content

Published:

This is an archived release.

Go to latest release

Decline in food prices

Price index of first-hand domestic sales (PIF) decreased by 0.2 per cent from August to September 2012. Lower prices of food products was an important reason behind the decrease in PIF.

Price development for some SITC groups. 2000=100

PIF decreased by 0.2 per cent from August to September 2012. The main reason behind the decrease was a price decline of 1.3 per cent in food products and 2.8 per cent lower prices of crude materials (inedible, except fuels). The most important contributions to dampening the decrease in PIF came from the two commodity groups mineral fuels, lubricants and related materials as well as chemicals and related products, where prices rose by 0.9 per cent and 1.3 per cent respectively.

Lower prices of food products

Prices of food products sank 1.3 per cent from August to September 2012. Prices of imported food as well as prices of domestically produced food products declined. All subgroups of food products except domestic market prices of dairy products and birds eggs experienced price decreases.

Twelve month change: 0.1 per cent lower prices

There was a modest decrease in PIF from September 2011 to September 2012. A price drop of more than 19 per cent in electricity prices as well as 7.3 per cent lower prices of crude materials (inedible, except fuels) were the most important explanations behind the decrease. Several subgroups of crude materials, such as metalliferous ores and metal scrap, wood, lumber and cork as well as pulp and waste paper experienced price decreases during this twelve-month period.

Price of petroleum and petroleum products rose 7 per cent in the same period. This, in addition to price increases within the four product groups chemicals and related products, animal and vegetable oils, fats and waxes as well as food products and miscellaneous manufactured articles contributed to dampening the decrease in the twelve month change in PIF from September 2011 to September 2012. Prices of food products were 0.7 per cent higher in September 2012 than September 2011, and most product groups experienced price increases during the period. One exception was fish, crustaceans, molluscs and preparations thereof, where prices fell more than 13 per cent on the domestic market.

Price index of first-hand domestic sales. 2000=100
  September 2012 Changes, per cent
      August 2012-
     September 2012 		       September 2011-
   September 2012
Total index  143.2 -0.2 -0.1
Food and live animals  134.7 -1.3 0.7
Beverages and tobacco  144.4 0.3 4.1
Crude materials, inedible, except fuels  126.2 -2.8 -7.3
Mineral fuels, lubricants and related materials  232.1 0.9 -
Chemicals and related products, n.e.s  139.8 1.3 3.0
Manufactured goods classified by material  130.9 0.1 -0.9
Machinery and transport equipment  101.6 -0.1 -0.5
Miscellaneous manufactured articles  111.5 -0.1 1.2