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Home BUSINESSPrices for manufactured products down by 3.2% in Sept
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Tue, 27 Oct, 2015 12:10:17 AM
FTimes Report, Oct 27
 
Producer Price Index (PPI) 2010=100, 1/2010–9/2015. Source: Producer Price Index 2015, September. Statistics Finland.
Producer prices for manufactured products fell by an average of 3.2 per cent year-on-year in September 2015, according to Statistics Finland.  
 
The producer prices for manufactured products sold on the domestic market went down by 3.5 per cent, while the producer prices of export products fell by 2.9 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 September 2014, the data show.
 
The fall in producer prices was slowed down especially by higher prices of paper and paper board products and electronic appliances.
 
The export price index fell by 2.8 per cent and the import price index by 8.1 per cent in the year.
 
The Basic Price Index for Domestic Supply went down by 4.5 per cent. The Basic Price Index for Domestic Supply including taxes fell by 4.0 per cent.
 
Export prices were in particular depressed by the falling prices of oil products and manufacturing of basic metals from September 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 September.
 
The fall in prices was slowed down, in particular, by higher prices of electronic appliances, according to the statistics.
 
Producer prices for manufactured products fell by 0.9 per cent from August to September. The drop was mainly due to lower prices of oil products from the previous month.
 

Producer Price Indices 2010=100, September 2015

 

  Index Monthly change, % Annual change, %
Producer Price Index, total 102.7 -0.9 -3.2
- Producer Price Index, domestic goods 104.8 -0.9 -3.5
- Producer Price Index, export goods 100.2 -0.9 -2.9
Export Price Index 100.3 -0.9 -2.8
Import Price Index 98.5 -0.5 -8.1
Basic Price Index for Domestic Supply 104.0 -0.5 -4.5
Basic Price Index for Domestic Supply, incl. taxes 107.0 -0.5 -4.0

Producer Price Indices 1949=100, September 2015

 

  Index Monthly change, % Annual change, %
Production Price Index 1894 -0.9 -3.2
Export Price Index 1637 -0.9 -2.8
Import Price Index 1470 -0.5 -8.1
Wholesale Price Index 2152 -0.5 -4.0

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

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