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Price rise in gas, fall in electricity
statistikk
2013-12-10T10:00:00.000Z
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
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Price index of first-hand domestic sales, 15 November 2013

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Price rise in gas, fall in electricity

The price index of first-hand domestic sales (PIF) increased by 0.1 per cent from October to November. Prices in the group mineral fuels, lubricants and related materials played the largest role in bringing the overall price index down. From November 2012 to November 2013, the PIF increased by 2 per cent.

Price index of first-hand domestic sales. 2000=100Published 10 December 2013
Per centPer centIndexWeights1
November 2013 / October 2013November 2013 / November 2012November 2013
1The weights are updated annually, and are valid for the entire year.
Product groups
Total index0.12.0147.51 000.0
Food0.24.2143.8177.1
Beverages and tobacco0.15.6152.514.3
Crude materials, inedible, except fuels-0.2-2.7124.352.5
Mineral fuels, lubricants and related materials0.55.1249.2231.0
Chemicals and related products, n.e.s.-1.12.4146.771.2
Manufactured goods classified by material0.2-0.2129.7131.3
Machinery and transport equipment0.10.7102.0231.9
Miscellaneous manufactured articles0.31.4113.084.6

Source: Statistics Norway

Figure 1. Price development for some SITC groups. 2000=100

The price index of first-hand domestic sales (PIF) for all groups of goods was 147.5 in November (with 2000=100), compared to 147.4 the month before. The rise in the total index was due to a strong price increase in natural and manufactured gas, as well as a small rise in petroleum and petroleum products. Prices of electricity, on the other hand, decreased by 1.6 per cent.

Another important commodity group that saw a decline from October to November was chemical products. The fall in chemical products of 1.1 per cent stemmed from inorganic chemical products and plastics.

Higher food prices

Food prices went up by 0.2 per cent from October to November. Prices of Norwegian-produced and imported foods, however, pulled in different directions. The decrease in food prices in the domestic market was due to lower prices of fish and seafood, as well as dairy products. Prices in the import market increased due to higher prices of imported vegetables and fruits. Meat and meat products were a group that stood out with higher prices in both markets.

Twelve -month change: prices up 2 per cent

The PIF increased by 2 per cent from November 2012 to November 2013. The main reason for the increase in the total index for November was price rises in the commodity group mineral fuels, lubricants and related materials. Electricity prices, with a price change of 13.8 per cent, were the driving force behind the growth in the group. Prices of petroleum and petroleum products were 2.8 per cent higher in November 2013 compared to November 2012.

In addition to the prices of electricity and petroleum products, the prices of foods and chemical products increased over the past year. Prices of crude materials have fallen in recent years, and were 2.7 per cent lower in November compared with the same month last year.