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Oil down, natural gas up
statistikk
2014-10-10T10:00:00.000Z
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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The producer price index (PPI) measures price changes for oil and gas, manufacturing, mining and electricity. The PPI were unchanged from August to September 2014.

Producer price index, 15 September 2014

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Oil down, natural gas up

Oil and gas pulled the producer price index for oil and gas, manufacturing, mining and electricity (PPI) in different directions from August to September. Prices of crude oil fell, while natural gas prices had an increase.

Producer price index. 2000=100Published 10 October 2014
Per centIndexWeights1
September 2014 / August 2014September 2014 / September 2013September 2014
1The weights are updated annually, and are valid for the entire year.
Industrial Classification
Extraction, mining, manufacturing and electricity0.0-3.8241.91 000.0
Extraction and related services0.0-9.7353.5479.1
Mining and quarrying0.37.3174.411.5
Manufacturing-0.62.1162.5463.0
Food, beverages and tobacco-0.14.4156.998.8
Refined petroleum, chemicals, pharmaceuticals-3.2-3.8215.3135.4
Basic metals2.416.2180.636.8
Machinery and equipment0.52.0154.442.0
Electricity, gas and steam6.2-6.5244.846.4

Source: Statistics Norway

The PPI was 241.9 (with 2000=100) in September, unchanged from August. From September 2013 to September 2014 the PPI fell by 3.8 per cent.

Refined petroleum products dragged down the PPI

Prices within refined petroleum products decreased by 5.2 per cent from August to September. Prices of gas oil, unleaded petrol and heavy fuel decreased in September due to a decrease in the price of crude oil, Brent Blend, by about 1.8 per cent. Mining support service activities also showed a decline of 1.2 per cent. At the same period, the prices within ‘extraction of oil and natural gas’ pulled in the opposite direction due to increased natural gas prices.

Electricity prices rose by 6.2 per cent in September. Prices within basic metals rose by 2.4 per cent in the same period and were mainly caused by an increase in non-ferrous metals, like aluminum and zinc.

Twelve-month rate – PPI down 3.8 per cent

The PPI decreased by 3.8 per cent from September 2013 to September 2014. This was mainly caused by a 12 per cent decline in the index for extraction of oil and natural gas together with a 6.4 per cent price decline within refined petroleum products. Prices within basic metals and food products, which grew 16.2 and 4.6 per cent respectively, dampened the decrease in the PPI.