Norway - Producer Price Index (PPI)





Norway: Producer Price Index (PPI)

Mnemonic PPI.INOR
Unit Index 2021=100, SA
Adjustments Seasonally Adjusted
Monthly 3.42 %
Data Feb 2024 108.28
Jan 2024 112.12

Series Information

Source Statistics Norway
Release Producer price index (PPI)
Frequency Monthly
Start Date 1/31/1977
End Date 2/29/2024

Norway: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Feb 2024 133 132.8 Index 2015=100, SA Monthly
Producer Price Index (PPI) Feb 2024 108.28 112.12 Index 2021=100, SA Monthly
Wholesale Price Index 2016 100.22 108.93 Index 2010 = 100 Annual

Release Information

For Norway, national-level monthly detailed producer price index by industry and industry group, divided between production for domestic and total (plus export) purposes. Measures the first-hand sales of products to the Norwegian market. Per NACE Rev. 2 from January 2000.

Active:

  • Classification: SIC 2007 a.k.a. SN 2007, the localization of NACE Rev. 2
  • Measurement: Fixed-base value index relative to 2021 (Index 2021=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates:
    • 2000m1 for most
    • 2011m12 to 2016m12 for remainder

Predecessors:

  • 2015=100 - 2000m1 to 2023m12 ("_15")
  • NACE Rev. 2, 2000=100 - 2000m1 to 2018m12 ("00")
  • NACE Rev. 1, 2000=100 - 2000m12 to 2008m12 ("08")

Global concept aliases:

  • PPI.INOR

Measurements are as of day 15 of each month.

The survey includes all commodities produced by companies within extraction and related services (NACE 06 and 09), mining (05, 07 and 08), manufacturing (10 to 33) energy supply (35) and water supply (36 to 39).

These industries are not covered: mining of uranium and thorium ores (07.21), processing of nuclear fuel (24.46), manufacture of weapons and ammunition (25.4), building of ships and boats (30.1), manufacturing of aeroplanes and spacecraft (30.3) and manufacture of military fighting machinery (30.4).

The index is produced using a chained Laspeyres formula.

Classifications

  • HS: Harmonized System (source)
  • CPA: Statistical classification of products by activity (source)
  • SIC 2007 (source): Standard industrial classification, Norway's adaptation of Eurostat's NACE Rev. 2 (2008) (source)
  • Main industrial groups (source)

Frequency and timeliness

Monthly. Released on day 10 of each month at 10:00 a.m. Oslo time, with a one-month lag.

Moody's Analytics supplements

For the general index in the "total (domestic and export) market" subset, we back-extend (1977m1 to 1999m12). For the total, manufacturing and extraction components, we construct seasonally adjusted counterparts.

The PPI is final when it is first published. The closely related commodity price index for the industrial sector (VPPI) may be revised (but is not banked in Data Buffet).

The index base year is advanced approximately every fifth year.

The Producer Price Index has been compiled since 1977, and published series exist down to a two-digit ISIC level from 1977 to December 2000. The revision in January 2001 implies a break in the series. Series grouped according to NACE Rev.2 exist as of January 2000 on a two-digit level, and some on a three-digit level. (The latter are what Data Buffet banks.)

The price index for "mining support service activities" was first published per January 2012 with index numbers back to December 2011. The index for "extraction of oil and natural gas" was also added in January 2012, but with no history. Together, these comprise the "by market" index for "extraction and related services."

From January 2017, the new industry "water supply" is included.

Further reading

At the source:

At IMF (SDDS):

  • Sep 2005 - Initial version.
  • Feb 2009 - Reclassified to NACE Rev. 2.
  • Feb 2012 - Addendum of Moody's Analytics supplements.
  • Feb 2019 - Rebased to 2015.
  • 5 Mar 2024 - Rebased to 2021: Properties, Moody's Analytics supplements.