19 June, 2000
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Ms
Sonja Kuusisto +358 9 1734 3469
thi.tilastokeskus@stat.fi
Director in charge: Mr Jarmo
Hyrkkö
Import prices rose at accelerated speed
According to Statistics Finland, import prices rose by 2.6 per cent from April to May. This was due to higher world market prices of energy minerals, especially crude oil. In the year to May, import prices went up by 14.7 per cent.
Export prices continued their ascent. From April to May export prices rose by 0.5 per cent, mainly due to increases in the world market prices of pulp, paper products and basic metals. In the year to May export prices rose by 7.5 per cent.
Producer prices for manufactured goods, that is producer prices for goods intended for the domestic market, went up by 1.3 per cent from April to May and by 7.6 per cent in the year to May. The biggest increases in May occurred in the prices of oil products, pulp and paper products.
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Month-on-month and year-on-year changes of producer price indices in May 2000, % (1995=100) |
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|
Indices |
Point figure |
Change, % |
Change, % |
|
Producer price index for manufactured goods |
104.4 |
1.3 |
7.6 |
|
Export price index |
100.5 |
0.5 |
7.5 |
|
Import price index |
110.0 |
2.6 |
14.7 |
|
Basic price index for domestic supply |
106.6 |
1.5 |
8.9 |
|
Wholesale price index |
106.8 |
1.6 |
8.7 |
Producer price indices measure the development of commodity prices from enterprises' perspective. 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 9.9 per cent from April to May, mainly due to higher price of oil.
Source: Producer Price Indices 2000, May. Statistics Finland