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Home BUSINESSProducer prices for manufactured products fell by 2.2 %
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Sat, 26 Sep, 2015 02:01:13 AM
FTimes Report, Sep 26

Producer prices for manufactured products fell by an average of 2.2 per cent year-on-year in August 2015, according to Statistics Finland.

The producer prices for manufactured products sold on the domestic market went down by 2.6 per cent, while the producer prices of export products fell by 1.6 per cent.
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products and manufacturing of basic metals from August 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 1.5 per cent and the import price index by 7.9 per cent in the year.

The Basic Price Index for Domestic Supply went down by 4.0 per cent. The Basic Price Index for Domestic Supply including taxes fell by 3.6 per cent, the data show.
Export prices were in particular depressed by the falling prices of oil products from August 2014.

The fall in prices was slowed down especially by higher prices of paper and paper board products.

The fall in import prices was in turn especially caused by lower prices of oil products and manufacturing of basic metals compared with the previous year's August.

The fall in prices was slowed down, in particular, by higher prices of electronic appliances.
From July to August, producer prices for manufactured products decreased by 1.1 per cent. The drop was mainly due to lower prices of oil products from the previous month.

Producer Price Indices 2010=100, August 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 103.7 -1.1 -2.2
- Producer Price Index, domestic goods 105.7 -0.9 -2.6
- Producer Price Index, export goods 101.1 -1.4 -1.6
Export Price Index 101.2 -1.4 -1.5
Import Price Index 99.0 -2.5 -7.9
Basic Price Index for Domestic Supply 104.5 -1.2 -4.0
Basic Price Index for Domestic Supply, incl. taxes 107.5 -1.1 -3.6

Producer Price Indices 1949=100, August 2015

  Index Monthly change, % Annual change, %
Production Price Index 1911 -1.1 -2.2
Export Price Index 1652 -1.4 -1.5
Import Price Index 1477 -2.5 -7.9
Wholesale Price Index 2163 -1.1 -3.6

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

 

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