Norway's producer prices declined by 2.2 percent year-on-year in December 2019, easing from a 9.5 percent plunge in the previous month, as prices fell at a softer pace for both extraction and related services (-7.7 percent vs -23.4 percent in November) and energy goods (-8.1 percent vs -20.6 percent). At the same time, manufacturing cost rose much faster (2.6 percent vs 0.3 percent). Meanwhile, electricity, gas and steam prices decreased 7.7 percent, compared to a 2.4 rise in November. On a monthly basis, producer prices jumped 4.1 percent in December, after a 1.7 percent gain in November.

Producer Prices Change in Norway averaged 5.51 percent from 2000 until 2019, reaching an all time high of 33.90 percent in August of 2008 and a record low of -18.70 percent in November of 2001. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Norway

Producer Prices Change in Norway is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Norway to stand at 2.00 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.


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Norway Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-2.20 -9.50 33.90 -18.70 2000 - 2019 percent Monthly
2000=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM Sep -10.7% -9.4% -9.2%
2019-11-11 07:00 AM Oct -13.8% -10.7% -9.4%
2019-12-10 07:00 AM Nov -9.5% -13.8% -8.2%
2020-01-10 07:00 AM Dec -2.2% -9.5% -7%
2020-02-10 07:00 AM Jan -2.2%


News Stream
2019-12-10
Norway Producer Prices Fall for 6th Month
Norway's producer prices declined by 9.5 percent year-on-year in November 2019, following a 13.8 percent plunge in the previous month. It was the sixth straight month of drop, as cost fell less for both extraction and related services (-23.4 percent vs -32.4 percent in October) and energy (-20.6 percent vs -28.5 percent). In addition, prices of electricity, gas and steam slowed markedly (2.4 percent vs 6.1 percent). On the other hand, cost of manufacturing rebounded (0.3 percent vs -0.3 percent). On a monthly basis, producer prices rose 1.7 percent in November, after edging up 0.1 percent in October.

2019-11-11
Norway Producer Prices Fall the Most in 3-1/2 Years
Norway's producer prices tumbled 13.8 percent year-on-year in October 2019, following a 10.7 percent plunge in the previous month. That was the steepest yearly fall in producer prices since May 2016, as cost continued to decline for extraction and related services (-32.4 percent vs -24.2 percent in September); energy (-28.5 percent vs -23.5 percent); and manufacturing (-0.3 percent vs -0.6 percent). Conversely, electricity, gas and steam costs rebounded sharply (6.1 percent vs -6.2 percent). On a monthly basis, producer prices edged up 0.1 percent in October, after being unchanged in September.

2019-10-10
Norway Producer Prices Fall the Most in Near 3-1/2-Years
Norway's producer prices plunged 10.7 percent year-on-year in september 2019, following a 9.4 percent drop in the previous month. That was the steepest yearly fall in producer prices since a 11.9 percent decline in May 2016, as prices declined further all components: extraction and related services (-24.2 percent vs -21.3 percent in August); energy (-23.5 percent vs -20.8 percent); electricity, gas and steam (-6.2 percent vs -6.7 percent); and manufacturing (-0.6 percent vs -0.4 percent). On a monthly basis, producer prices were flat in September, after a 0.3 percent fall in August.

2019-09-10
Norway Producer Prices Fall the Most in 3 Years
Norway's producer prices plunged 9.4 percent year-on-year in August 2019, following a 8.6 percent drop in the previous month. That was the steepest yearly fall in producer prices since May 2016, as prices declined for extraction and related services (-21.3 percent vs -19 percent in July); energy (-20.8 percent vs -19.7 percent); electricity, gas and steam (-6.7 percent vs -8 percent); and manufacturing (-0.4 percent vs -0.9 percent). On a monthly basis, producer prices decreased 0.3 percent in August, after a 1.2 percent drop in July.

2019-08-09
Norway Producer Prices Fall the Most in 3 Years
Norway's producer prices dropped by 8.6 percent year-on-year in July 2019, following a 6.5 percent decline in the previous month. This marked the steepest yearly fall in producer prices since June 2016 when the reading posted a 9.6 percent decrease. Prices fell faster for both extraction and related services (-19 percent vs -16 percent in June); and electricity, gas & steam (-8 percent vs -2.6 percent). In addition, manufacturing cost declined 0.9 percent, compared to a 0.2 percent rise in a month earlier. On a monthly basis, producer prices fell 1.2 percent in July, after a 4.9 percent drop in June.

2019-07-10
Norway Producer Prices Fall for 1st Time in 2-1/2 Years
Norway's producer prices dropped 6.5 percent year-on-year in June 2019, reversing a 0.4 percent gain in the previous month. This was the first yearly decline in producer prices since November 2016, due to declines in prices of extraction and related services (-16 percent vs -5.1 percent in May) and electricity, gas & steam (-2.6 percent vs 26.4 percent). At the same time, manufacturing cost rose at much softer pace (0.2 percent vs 2 percent). On a monthly basis, producer prices fell by 4.9 percent in June, after a 1 percent decrease in May.


Norway Producer Prices Change
In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.

Norway Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.60 18.90 -1.80 percent [+]
Harmonised Consumer Prices 112.00 112.40 112.40 69.20 points [+]
Consumer Price Index CPI 111.30 111.60 111.60 5.09 points [+]
Core Consumer Prices 109.10 109.30 109.30 82.30 points [+]
Core Inflation Rate 1.80 2.00 3.70 -0.10 percent [+]
GDP Deflator 103.72 104.74 107.60 19.12 points [+]
Producer Prices 113.30 108.80 124.10 16.71 points [+]
Producer Prices Change -2.20 -9.50 33.90 -18.70 percent [+]
Export Prices 145.00 142.10 149.40 57.64 points [+]
Import Prices 153.50 147.40 153.50 71.76 points [+]
Food Inflation -0.40 -0.80 19.90 -7.10 percent [+]
Inflation Rate Mom -0.30 0.30 5.45 -1.72 percent [+]
CPI Housing Utilities 115.90 116.20 116.60 19.50 points [+]
CPI Transportation 111.90 111.80 115.20 21.00 points [+]