Norway Producer Prices Change

Last Release

Nov 30, 2024

Actual

Units In

-3.5

Frequency

Monthly

Next Release

Jan 10, 2025

Time to Release

30 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
79.4 Mar 2022	-37.4 Aug 2023	6.86 %	2000-2024	Statistics Norway

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.

Latest Updates

Producer prices in Norway were unchanged from a year earlier in November 2024, ending a two-month period of deflation following a 3.5% drop in October and 2.9% in September. Prices for electricity, gas, and steam rose sharply further, increasing by 22.2% compared to a 14.5% rise in October. At the same time, the price decrease for oil and natural gas extraction softened to 1.3% from 10% in October, and energy goods saw a smaller decline of 3.7% compared to 10.4% in the previous month. The ongoing deflation in most sub-indexes was partly offset by an increase in producer inflation for manufacturing, which edged higher to 3.8% from 3.7% in the prior period. Excluding energy goods, producer prices rose 5.3% year-on-year in November, slowing from a 6.4% increase in October. On a monthly basis, the PPI rose 3.3%, easing from a 4.6% increase in the preceding month.