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Higher prices of petroleum products
statistikk
2011-05-10T10:00:00.000Z
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 April 2011

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Higher prices of petroleum products

The producer price index rose by 2.3 per cent from March to April 2011. Higher prices of oil, natural gas and refined petroleum products were the main reasons behind the increase in the overall index.

Price development for selected industries. 2000=100

The producer price index rose by 2.3 per cent from March to April 2011. The increase in the PPI was mainly due to higher prices within extraction of oil and natural gas as well as refined petroleum products. Lower prices of electricity and basic metals during the same period dampened the increase in the overall PPI, as they did from February to March.

Within manufacturing, the prices went up 1 per cent from March to April. One of the product groups that experienced a price rise was fabricated metal products, where prices rose by 1.3 per cent. This was due to higher prices on the domestic market, while export prices on fabricated metal products sank.

Twelve-month change: 20 per cent

The producer price index increased by 20 per cent from April 2010 to April 2011. Prices within extraction of oil and natural gas rose 35 per cent, while refined petroleum products had around 30 per cent higher prices in April this year compared to twelve months earlier. However, there were also significant price increases within other industries, such as food products, chemical and pharmaceutical products and basic metals. Here prices grew by 6.7, 13.3 and 11.1 per cent respectively.

Producer price index. 2000=100
  April 2011 Changes, per cent
      March 2011-
April 2011 		    April 2010-
April 2011
Total index  245.6 2.3 20.0
       
Extraction of oil and natural gas  370.7 5.5 35.0
Manufacturing, mining and quarrying  158.5 1.0 9.7
Electricity, gas and steam supply  327.1 -13.9 -4.0
       
Main industrial groupings      
Intermediate goods  147.8 0.2 8.7
Investment goods  126.5 0.2 0.8
Consumer goods  131.1 -0.2 5.0
Energy goods  355.8 4.1 31.8

For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .