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Home BUSINESSProducer prices for manufactured products go down by 0.8%
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Sat, 25 Apr, 2015 12:08:40 AM
FTimes Report, April 25
 
Producer Price Index (PPI) 2010=100, 1/2010–3/2015. Source: Producer Price Index 2015, March. Statistics Finland.
Producer prices for manufactured products went down by an average of 0.8 per cent in March 2015 from the year before, according to Statistics Finland.
 
The producer prices for manufactured products sold on the domestic market declined by 1.2 per cent, while the producer prices of export products fell by 0.3 per cent.
 
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, chemicals and chemical products, and iron and steel from last year's March.
 
The fall in producer prices was slowed down especially by higher prices of paper and paper board products.
 
The export price index fell by 0.2 per cent and the import price index by 4.2 per cent in the year.
 
The Basic Price Index for Domestic Supply went down by 2.2 per cent while the Basic Price Index for Domestic Supply including taxes fell by 1.8 per cent.
 
Export prices were in particular depressed by the falling prices of oil products from March 2014, the data show.
 
The fall in import prices was in turn especially caused by lower prices of oil products, chemicals and chemical products from last year's March.
 
The fall in prices was slowed down, in particular, by higher prices of electronic appliances.
 
From February to March, producer prices for manufactured products went up by 0.5 per cent.
 
The rise was mainly due to increased prices of oil products from the previous month.
 

Producer Price Indices 2010=100, March 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 104.5 0.5 -0.8
- Producer Price Index, domestic goods 106.8 0.4 -1.2
- Producer Price Index, export goods 101.8 0.7 -0.3
Export Price Index 102.0 0.8 -0.2
Import Price Index 101.9 0.4 -4.2
Basic Price Index for Domestic Supply 106.0 0.2 -2.2
Basic Price Index for Domestic Supply, incl. taxes 109.1 0.3 -1.8

Producer Price Indices 1949=100, March 2015

  Index Monthly change, % Annual change, %
Production Price Index 1927 0.5 -0.8
Export Price Index 1665 0.8 -0.2
Import Price Index 1521 0.4 -4.2
Wholesale Price Index 2194 0.3 -1.8

Source: Producer Price Index 2015, March. Statistics Finland.

 
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