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Home BUSINESSProducer prices for manufactured products down by 1.2%
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Sat, 25 Jul, 2015 12:05:38 AM
FTimes Report, July 25
 
Producer Price Index (PPI) 2010=100, 1/2010–6/2015. Source: Producer Price Index 2015, June. Statistics Finland.
Producer prices for manufactured products went down by an average of 1.2 per cent in June 2015 from the year before, according to Statistics Finland.
 
The producer prices for manufactured products sold on the domestic market went down by 1.7 per cent, while the producer prices of export products fell by 0.5 per cent.
 
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products and electricity from June 2014.
 
The fall in producer prices was slowed down especially by higher prices of paper and paper board products.
 
The export price index fell by 0.4 per cent and the import price index by 5.7 per cent in the year. The Basic Price Index for Domestic Supply went down by 2.8 per cent. The Basic Price Index for Domestic Supply including taxes fell by 2.5 per cent, the data show.
 
Export prices were, in particular, depressed by the falling prices of oil products and iron and steel from June 2014.
 
The fall in prices was slowed down especially by higher prices of paper and paper board products.
 
In import prices, the fall was, in turn, especially caused by lower prices of oil products compared with last year's June. The fall in prices was slowed down, in particular, by higher prices of electronic appliances.
 
Producer prices for manufactured products fell by 0.3 per cent from May to June. The drop was mainly due to lower prices of manufacturing of basic metals compared with the previous month.
 

Producer Price Indices 2010=100, June 2015

 

  Index Monthly change, % Annual change, %
Producer Price Index, total 104.7 -0.3 -1.2
- Producer Price Index, domestic goods 106.6 -0.2 -1.7
- Producer Price Index, export goods 102.5 -0.4 -0.5
Export Price Index 102.6 -0.4 -0.4
Import Price Index 102.2 -1.1 -5.7
Basic Price Index for Domestic Supply 106.0 -0.5 -2.8
Basic Price Index for Domestic Supply, incl. taxes 108.9 -0.5 -2.5

Producer Price Indices 1949=100, June 2015

 

  Index Monthly change, % Annual change, %
Production Price Index 1931 -0.3 -1.2
Export Price Index 1675 -0.4 -0.4
Import Price Index 1526 -1.1 -5.7
Wholesale Price Index 2190 -0.5 -2.5

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

 
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