Norway Producer Price Index (PPI) m/m

Country:
Norway
NOK, Norwegian Krone
Sector:
Prices
Low 1.6%
4.5%
Last release Importance Actual Forecast
Previous
1.6%
Next release Actual Forecast
Previous
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Norway's Producer Price Index m/m reflects the dynamics of prices for goods produced and sold by Norwegian companies domestically and in foreign markets. The index measures a change in prices from the producer perspective, in the given month compared to the previous month. The index is published by Statistics Norway (SSB) on the 10th of every month.

The statistics cover manufacturing, oil and gas production, energy, mining and some services. The index covers goods, which are delivered as final products to retail trade, are subject to investment, or are transferred to other production sectors as intermediates.

The main data source is a survey of producers, in which they report prices for a sample of 630 product groups. The questionnaire is sent on a monthly basis to about 1300 companies which provide data on prices for about 5000 goods. Companies with less than 100 employees are excluded from calculation. The filled questionnaire is submitted by email.

The Producer Price Index is considered as a leading indicator of consumer prices, and hence of the inflation. It is a more accurate preliminary indicator, if compared to CPI: if producer prices grow, consumer prices are expected to grow accordingly. These two indicators are closely correlated.

Producer prices are a leading indicator of consumer price inflation, and therefore the CPI growth can be seen as positive for the Norwegian krone quotes.

Last values:

actual data

The chart of the entire available history of the "Norway Producer Price Index (PPI) m/m" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Dec 2020
1.6%
4.5%
Nov 2020
4.5%
4.1%
Oct 2020
4.1%
2.8%
Sep 2020
2.8%
1.2%
Aug 2020
1.2%
0.0%
Jul 2020
0.0%
-1.3%
Jun 2020
-1.3%
-2.7%
May 2020
-2.7%
-3.3%
Apr 2020
-3.3%
-7.5%
Mar 2020
-7.5%
-3.3%
Feb 2020
-3.3%
-1.3%
Jan 2020
-1.3%
4.1%
Dec 2019
4.1%
1.7%
Nov 2019
1.7%
0.1%
Oct 2019
0.1%
0.0%
Sep 2019
0.0%
-0.3%
Aug 2019
-0.3%
-1.2%
Jul 2019
-1.2%
-4.9%
Jun 2019
-4.9%
-1.0%
May 2019
-1.0%
0.7%
Apr 2019
0.7%
-2.1%
Mar 2019
-2.1%
0.4%
Feb 2019
0.4%
0.3%
Jan 2019
0.3%
-3.5%
Dec 2018
-3.5%
-3.1%
Nov 2018
-3.1%
3.6%
Oct 2018
3.6%
1.5%
Sep 2018
1.5%
0.6%
Aug 2018
0.6%
1.1%
Jul 2018
1.1%
2.2%
Jun 2018
2.2%
1.2%
May 2018
1.2%
3.3%
Apr 2018
3.3%
0.5%
Mar 2018
0.5%
-2.6%
Feb 2018
-2.6%
3.1%
Jan 2018
3.1%
2.9%
Dec 2017
2.9%

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