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Tue, 28 Jun, 2016 12:09:54 AM FTimes Report, Jun 28  Producer Price Index (PPI) 2010=100, 1/2010–5/2016. Source: Producer Price Index 2016, May. Statistics Finland. Producer prices for manufactured products fell by an average of 4.0 per cent year-on-year in May 2016, according to Statistics Finland.
The producer prices for manufactured products sold on the domestic market went down by 3.4 per cent, while the producer prices of export products fell by 4.8 per cent.
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from May 2015.
The fall in producer prices was slowed down especially by higher prices of paper and paper board products and manufacturing of machinery and equipment.
The export price index fell by 4.9 per cent and the import price index by 7.2 per cent in the year, the data show.
The Basic Price Index for Domestic Supply went down by 3.6 per cent. But the Basic Price Index for Domestic Supply including taxes fell by 3.0 per cent.
Export prices were in particular depressed by the falling prices of manufacturing of basic metals and oil products from May 2015.
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 May.
The fall in prices was slowed down, in particular, by higher prices of motor vehicles.
The producer prices for manufactured products went up by 0.6 per cent from April to May.
The rise was mainly due to increased prices of oil products from the previous month.
Producer Price Indices 2010=100, May 2016
Producer Price Indices 1949=100, May 2016
Source: Producer Price Index 2016, May. Statistics Finland. More News
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