18 September, 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 by 1.6 per cent in August
According to Statistics Finland, import prices rose by 1.6 per cent from July to August. The rise was mainly attributable to higher prices of energy minerals, oil products and transport equipment. In the year to August, import prices went up by 13.6 per cent.
Export prices rose by 0.7 per cent from July to August, largely due to increased prices of pulp, paper, basic metals, oil products, and machinery and equipment. In the year to August, export prices went up by 8.6 per cent. The rise was curbed, however, by a fall of 11 per cent in the prices of electrical equipment.
Producer prices for manufactured goods, that is prices for good intended for the domestic market, went up by 0.4 per cent from July and by 7.6 per cent in the year to August. The rise was mostly caused by higher prices of energy products, raw materials and output commodities. Increases in the prices of durable and consumption goods were more moderate than this and the prices of investment goods went down.
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Month-on-month and year-on-year changes of producer price indices in August 2000, % (1995=100) |
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Indices |
Point figure |
Change, % |
Change, % |
|
Producer price index for manufactured goods |
105.9 |
0.4 |
7.6 |
|
Export price index |
102.1 |
0.7 |
8.6 |
|
Import price index |
112.4 |
1.6 |
13.6 |
|
Basic price index for domestic supply |
108.3 |
0.8 |
8.7 |
|
Wholesale price index |
108.2 |
0.6 |
8.2 |
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 2.8 per cent from July to August. The rise in the year to August amounted to 25.8 per cent. The rise was mainly due to higher world market prices of crude oil.
Source: Producer Price Indices 2000, August. Statistics Finland