18 October 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
Producer prices continued to rise in September
According to Statistics Finland, producer prices went up by 1.1 to 2.8 per cent from August to September. Import prices rose most, by 2.8 per cent. This was mainly attributable to higher prices of energy minerals, metal ores, coke and oil products, vehicles, and base metals. In the year to September, import prices have increased by 15.1 per cent.
Wholesale prices rose by 1.9 per cent from August to September. The rise was mostly caused by higher prices of coke and oil products, energy minerals, base metals, and forestry products. Compared to the year before, wholesale prices went up by 9.6 per cent: prices of domestic goods increased by 7.5 per cent and those of imported goods by 13.8 per cent.
Producer prices for manufactured goods, that is, prices for good intended for the domestic market rose by 1.3 per cent from August to September. Increases were highest in the prices of oil products, up by 14.9 per cent, and in the prices of other metals than ferrous metals, up by 9.8 per cent. In the year to September, producer prices for manufactured goods went up by 8.6 per cent. This was chiefly due to increased prices of coke and oil products, pulp, paper and paper products, and base metals. The rise was curbed by lower prices of electrical and optical equipment.
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Month-on-month and year-on-year changes of Producer Price Indices in September 2000, % (1995=100) |
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|
Indices |
Point figure 9/2000 |
Change, % 8/2000 - 9/2000 |
Change, % 9/1999 - 9/2000 |
|
Producer price index for manufactured goods |
107.3 |
1.3 |
8.6 |
|
Export price index |
103.2 |
1.1 |
10.9 |
|
Import price index |
115.5 |
2.8 |
15.1 |
|
Basic price index for domestic supply |
110.0 |
1.6 |
9.6 |
|
Wholesale price index |
110.3 |
1.9 |
9.6 |
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 describes 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 6.3 per cent from August to September, primarily due to higher price of crude oil. The month-on-month change of the overall index without energy products was 0.4 per cent.
Source: Producer Price Indices 2000, September. Statistics Finland