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12795
Decreasing energy prices
statistikk
2009-08-10T10:00:00.000Z
Prices and price indices;National accounts and business cycles;Energy and manufacturing
en
ppi, Producer price index, price trends, inflation, domestic market, export market, economic indicator, intermediate goods, energy goods, consumables, capital goods, metal-working industry, food industry, oil refining, machine industry, mining, metal prices (for example gold, aluminium, copper)Producer and wholesale price indices, Energy , Oil and gas , Business cycles , Manufacturing, mining and quarrying , National accounts and business cycles, Prices and price indices, Energy and manufacturing
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Producer price index, 15 July 2009

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Decreasing energy prices

The producer price index dropped by 5.7 per cent from June to July, mainly due to decreasing energy prices. Manufacturing prices had a moderate increase in the same period.

Price development for some groups. 2000=100

The producer price index decreased by 5.7 per cent from June to July. The drop of the total index in July and the increase of the total index in May and June can mainly be explained by changes in the prices of energy.

The falling energy prices in July are mainly because of lower prices of extraction of oil and natural gas, and refined petroleum products, but falling electricity prices also influenced the total index strongly.

With the exception of a decrease in prices of furniture and manufacturing, as well as for fabricated metal products, the other industry sectors experienced a moderate price increase from June to July.

The producer price index went down 7.1 per cent last twelve months

The producer price index dropped 7.1 per cent from July 2008 to July 2009, mainly because of lower prices of oil and natural gas. Within manufacturing, prices decreased 1.8 per cent in the same period.

A 17.7 per cent drop in electricity prices also had a strong effect of the overall fall in the total index.

Producer price index. 2000=100
  July 2009 Changes, per cent
  June 2009-July 2009 July 2008-July 2009
Total index  176.4 -5.7 -7.1
       
Extraction of oil and natural gas  212.5 -9.8 -10.9
Manufacturing, mining and quarrying   138.5 -0.9 -1.7
Electricity, gas and steam supply  248.2 -6.8 -17.7
       
Main industrial groupings      
Intermediate goods  129.9 1.1 -2.6
Investment goods  127.1 0.2 8.2
Consumer goods  123.7 0.7 5.5
Energy goods  212.2 -8.8 -12.3