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Statistical presentation

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Prices and Consumption, Economic Statistics
Janni Stavad
+45 3917 3441

sta@dst.dk

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Producer and Import Price Index for Commodities

The Producer and import price index for commodities indicates trends in prices relating to the first commercial transaction for commodities that are produced in Denmark or imported to Denmark

Data description

The total producer and import price index for commodities contains price information on:

  1. Imported commodities
  2. Commodities produced for domestic markets
  3. Commodities produced for export

The Producer price index for commodities indicates trends in prices relating to the first commercial transaction. The calculation is based on number 2 and 3. A range of sub-indices show distributions by Industry.

Import price index for commodities indicates trends in prices relating to the first commercial transaction. The calculation is based on number 1. A range of sub-indices show distributions by Industry.

The Price index for domestic supply indicates trends in the prices relating to the first commercial transaction. The calculation is based on number 1 and 2. A range of sub-indices show distribution by commodity.

Classification system

The producer- and import price index for commodities is divided by Industry following Danish Industrial Classifications 2007 (DB07). DB07 is based on NACE rev. 2.

The Price index for domestic supply is divided by commodities following the Combined Nomenclature (CN) and The Harmonized Commodity Description and Coding System (HS). HS is the international tariff classification and developed by the World Customs Organization (WCO).

HS is a 6-digit hierarchically structured commodity classification. CN is the EU classification of tariffs and foreign trade statistics. CN is a subdivision of HS. The prices collected for the producer- and import price index are collected according to this commodity classification.

Sector coverage

The statistic is subject to the European regulation for short-term statistics. In concordance with the regulation the statistic is comprised of all imported and domestic produced commodities belonging to the industries B to E in the DB07 nomenclature. Additionally, prices are also gathered belonging to industry A for The Price index for domestic supply.

  • A: Agriculture, forestry and fishing
  • B: Mining and quarrying
  • C: Manufactoring
  • D: Electricity, gas, steam and air conditioning supply
  • E: Water supply; sewerage, waste management and remediation activities

The Producer- and import price index for commodities is comprised of industry B to E.

The Price index for domestic supply is comprised of industry A to C.

Statistical concepts and definitions

Producer Price: The prices used for the index are actual prices, which means that the prices must include all possible discounts. Therefore list prices do not apply unless the prices never include discounts. A distinction is made between the prices of imported commodities and the prices of commodities for the domestic market;

  1. Imported commodities: Actual transaction prices (in some cases transfer prices) c.i.f. excluding all duties and taxes on the goods as far as possible on the 15th of the month.
  2. Danish commodities for the domestic marked: Actual transaction price (in some cases transfer prices) ex producer excluding VAT and excise duties as far as possible on the 15th of the month.

Domestic market price: Price of Danish produced commodity sold for the domestic market.

Non-domestic market price: Price of Danish produced commodity sold for export.

Import price: Price of imported commodity.

Statistical unit

The statistical units in the producer and import price index for commodities are companies, where each company is determined by the legal entity. In Statistics Denmark's Statistical Business Register, the legal entities are determined by their VAT number. In some cases, the principle is abandoned. Several companies can be combined into one unit, e.g. if they have centralized administration or in the case of franchises.

Statistical population

The population covers all commodities that are imported or produced in Denmark for the domestic market for the various industries and commodity groups.

Reference area

Denmark.

Time coverage

The Producer price index for commodities has been published since January 2000. Import price index for commodities has been published since 2005. The Price index for domestic supply has been published since 1981.

Base period

2015=100

Unit of measure

Index.

Reference period

The firms are to report the prices, which were in force on the 15th of the month in so far it is possible.

Frequency of dissemination

Monthly.

Legal acts and other agreements

The legal authority to collect data is provided by the Act on Statistics Denmark, section 8, as subsequently amended (most recently by Act no. 599 of 22nd June, 2000).

Council Regulation (EC) N0 1165/98 of 19 May 1998 concerning short-term statistics (EFT L 162 05.06.98).

Cost and burden

The response burden is calculated at 4080 hours or 1,1 millions DKK.

Comment

For more information please contact Statistics Denmark at Producer- and Import price index for commodities.