Content
Published:
This is an archived release.
Updated figures
Cost index for passenger transport by bus describes the price trends for bus operating costs. The statistics are updated quarterly.
Index level | Percentage change | ||
---|---|---|---|
4th quarter 2016 | 3rd quarter 2016 - 4th quarter 2016 | 4th quarter 2015 - 4th quarter 2016 | |
Total index | |||
Cost index for passenger transport by bus | 121.6 | 6.9 | 6.9 |
Sub index | |||
Labour costs | 126.9 | 0.3 | 1.9 |
Fuel costs | 107.4 | 1.2 | 0.7 |
Capital costs | 93.6 | 67.4 | 47.6 |
Repair and maintenance costs | 124.3 | 0.6 | 2.6 |
Administrative costs | 116.9 | 1.2 | 3.8 |
Capital costs influenced by interest rate basisOpen and readClose
The cost index for passenger transport by bus uses the following scheme to calculate interest related costs and depreciation costs:
- Depreciation over 10 years for buses with a residual value of 0 percent
- The interest cost is based on 10-year bonds with a premium of 1.79 per cent for Q1 2010-Q4 2015. Starting Q1 2016 this table is used to calculate the premium
- Inflation is adjusted by CPI-ATE
For Q4 2016 this resulted in a large increase in capital costs. A calculation based on the 3 month NIBOR rate would have resulted in a lower growth in capital costs for this quarter. In recent quarters, the 10-year bond yields have fluctuated more than 3 month NIBOR. When previous figures are small, changes are going to be large when measuring relative change.
Contact
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Geir Martin Pilskog
E-mail: geir.martin.pilskog@ssb.no
tel.: (+47) 40 81 13 83
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Gudveig Ihlang
E-mail: gudveig.ihlang.braten@ssb.no
tel.: (+47) 40 81 13 85