Finland Times

 

Source: Statistics Finland.

Producer prices for manufactured products fell by an average of 0.9 per cent from August 2012 to August 2013, according to the Statistics Finland.

 

Producer prices for manufactured products went down especially due to reductions in the prices of oil products, manufacturing of basic metals and paper and paperboard from August 2012. The falling of the prices was curbed particularly by higher prices of electricity, food and district heat.

 

The Statistics Finland data showed that producer prices for manufactured products sold on the domestic market rose by 0.2 per cent, while the producer prices of export products went down by 2.3 per cent.

 

The Export Price Index fell by 2.1 per cent and the Import Price Index by 3.8 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.6 per cent. The year-on-year change in the Basic Price Index for Domestic Supply, including taxes was 0.3 per cent.

 

From July to August, producer prices for manufactured products rose by 0.3 per cent. The rise was mainly due to increased prices of electricity and oil products from the previous month.