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Producer prices for manufactured products grew by 4.1 percent in Finland

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Staff Writer | June 26, 2017
According to Statistics Finland, producer prices for manufactured products rose by an average of 4.1 percent from May 2016 to May 2017.
Finland manufactured products
Europe   According to Statistics Finland:
Producer prices for manufactured products sold on the domestic market rose by 3.7 percent, while the producer prices of export products went up by 4.6 percent.

The rise in the producer prices for manufactured products was particularly caused by increased prices of manufacturing of basic metals, chemicals and chemical products, as well as oil products from May 2016.

The rising of the prices was curbed particularly by falls in the prices of paper and paper products, and electronic appliances.

The Export Price Index rose by 4.6 per cent and the Import Price Index by 9.7 per cent in the year.

The Basic Price Index for Domestic Supply went up by 5.2 per cent. The Basic Price Index for Domestic Supply including taxes went up by 4.9 per cent.

Export prices were, in particular, boosted by the higher prices of manufacturing of basic metals and chemicals and chemical products from May 2016.

The rise in prices was curbed especially by lower prices of paper and paper board products.

The rise in import prices was, in turn, especially caused by higher prices of metal ores, oil products and manufacturing of basic metals compared with the previous year's May.

The rising of the prices was curbed particularly by falls in the prices of chemical products.

From April to May, producer prices for manufactured products fell by 0.3 per cent.

The fall was mainly due to decreased prices of oil products from the previous month.


 

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