18 January 2002
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Ms
Christina Harjunpää +358 9 1734 3469, thi.tilastokeskus@tilastokeskus.fi
Director in charge: Mr Ilkka Lehtinen
Import prices rose by 0.7 per cent in December 2001
According to Statistics Finland, import prices rose by 0.7 per cent from November to December last year, mainly due to increases in the prices of crude oil, motor vehicles and vegetables. In the year to December 2001 import prices fell by 7.0 per cent. Import prices were on average 2.8 per cent lower in 2001 than in 2000, largely because of declined average annual prices of crude oil, basic metals and electrical products.
Export prices fell by 0.2 per cent from November to December last year, primarily because of decreases in the prices of oil products, timber, and wood products. In the year to December 2001, export prices went down by 5.8 per cent, largely due to lower prices of pulp, basic metals, electrical products and oil products. The fall of the prices was held back by higher prices of agricultural products, published and printed products, and metal products.
The basic price index for domestic supply, that is, prices exclusive of tax of goods intended for the domestic market rose by 0.2 per cent from November to December last year. In the year to December 2001 the prices fell by 2.8 per cent, mostly due to lower prices of oil products, pulp, base metals and crude oil. The fall of the index was restrained by higher cost of electricity and construction.
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Month-on-month and year-on-year changes of Producer Price Indices in December 2001 and average year-on-year changes from 2000 to 2001, % (1995=100) |
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|
Indices |
Point figure |
Change, % |
Change, % |
Change, % 2000 - 2001 |
|
Producer price index for manufactured products |
105.8 |
0.0 |
-1.5 |
1.5 |
|
Export price index |
96.9 |
-0.2 |
-5.8 |
-0.6 |
|
Import price index |
103.2 |
0.7 |
-7.0 |
-2.8 |
|
Basic price index for domestic supply |
106.0 |
0.2 |
-2.8 |
0.4 |
|
Wholesale price index |
106.2 |
0.2 |
-2.7 |
0.3 |
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.
Source: Producer Price Indices 2001, December. Statistics Finland