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Home BUSINESSProducer prices for manufactured products down by 1.4% in Sept
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Tue, 25 Oct, 2016 12:02:39 AM
FTimes Report, Oct 25
 
Producer Price Index (PPI) 2010=100, 1/2010–9/2016. Source: Producer Price Index 2016, September. Statistics Finland.
Producer prices for manufactured products fell by an average of 1.4 per cent year-on-year in September 2016, according to Statistics Finland.
 
The producer prices for manufactured products sold on the domestic market went down by 1.1 per cent, while the producer prices of export products fell by 1.8 per cent.
 
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of pulp, chemicals and chemical products and oil products from September 2015.
 
The fall in producer prices was slowed down especially by higher prices of electricity and machinery and equipment.
 
The export price index fell by 1.9 per cent and the import price index by 1.5 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.3 per cent.
 
But the Basic Price Index for Domestic Supply including taxes went up by 0.1 per cent, the data show.
 
Export prices were in particular depressed by the falling prices of electronic appliances and chemicals and chemical products from September 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 chemicals and chemical products and food products compared with the previous year's September.
 
The fall in prices was slowed down, in particular, by higher prices of machinery and equipment.
 
Producer prices for manufactured products went up by 0.3 per cent from August to September, mainly due to increased prices of manufacturing of basic metals from the previous month.
 

Producer Price Indices 2010=100, September 2016

  Index Monthly change, % Annual change, %
Producer Price Index, total 101.3 0.3 -1.4
- Producer Price Index, domestic goods 103.7 0.3 -1.1
- Producer Price Index, export goods 98.4 0.5 -1.8
Export Price Index 98.4 0.5 -1.9
Import Price Index 97.0 0.7 -1.5
Basic Price Index for Domestic Supply 103.7 0.4 -0.3
Basic Price Index for Domestic Supply, incl. taxes 107.1 0.3 0.1

Producer Price Indices 1949=100, September 2016

  Index Monthly change, % Annual change, %
Production Price Index 1867 0.3 -1.4
Export Price Index 1606 0.5 -1.9
Import Price Index 1448 0.7 -1.5
Wholesale Price Index 2154 0.3 0.1

Source: Producer Price Index 2016, September. Statistics Finland.

 
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