18 February, 2000
Inquiries: Mr Eero Koljonen +358 9 1734 3472, Ms
Sonja Kuusisto +358 9 1734 3469
thi.tilastokeskus@stat.fi
Director in charge: Mr Jarmo Hyrkkö
Import prices risen by over 12 per cent in the year
According to Statistics Finland, import prices rose by 12.6 per cent in the year to January 2000. This was particularly due to increases in the world market price of crude oil, but also to higher prices of oil products and colour metals. From December 1999 to January 2000 import prices rose by 0.8 per cent.
Export prices also continued their upward trend. From December 1999 to January 2000 export prices rose by 1.0 per cent and in the year to January 2000 they went up by 3.3 per cent. The rise was mainly due to increases in the prices of pulp, paper, board and oil products. In contrast, the export prices of electrical products fell by 15 per cent in the year to January 2000.
Producer prices for manufactured goods, or producer prices for goods intended for the domestic market, went up by 0.4 per cent from December to January and by 5.5 per cent in the year to January 2000. The biggest increases occurred in the prices of pulp, oil products and colour metals.
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Month-on-month and year-on-year changes of producer price indices in January 2000, % (1995=100) |
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|
Indices |
Point figure 1/2000 |
Change, % |
Change, % |
|
Producer price index for manufactured goods |
101.4 |
0.4 |
5.5 |
|
Export price index |
96.1 |
1.0 |
3.3 |
|
Import price index |
104.9 |
0.8 |
12.6 |
|
Basic price index for domestic supply |
103.3 |
0.5 |
6.6 |
|
Wholesale price index |
103.5 |
0.5 |
6.4 |
Producer price indices measure the development of commodity prices from enterprises' viewpoint. The basic price index for domestic supply measures the development of prices exclusive of tax of goods used in Finland as they enter the market. The wholesale price index measures the change in the purchase prices of goods used in Finland inclusive of tax. Both these indices contain domestic and imported goods.
The HWWA Index, used to measure the dollar-based world market prices of raw materials, rose by 53.8 per cent in the year to January 2000. From December 1999 to January 2000 the Index went up by 1.1 per cent. This rise was mainly due to higher price of crude oil.
Source: Producer Price Indices 2000, January. Statistics Finland