19 August 2002
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Ms
Marja Ikonen +358 9 1734 3480
Director in charge: Mr Kari Molnar
Export prices fell by 3.4 per cent in the year
According to Statistics Finland, export prices fell by 3.4 per cent from July 2001 to July 2002. The fall was primarily due to that prices of pulp, paper and paper products went down by 5.9 per cent and prices of electronic goods by 7.4 per cent from the year before. The fall was curbed most by the 1.9 per cent rise in prices of base metals and the 1.7 per cent increase in prices of vehicles.
Import prices declined by 2.6 per cent from last year's July. The fall was mainly caused by lower prices of energy products, raw materials and output commodities, while prices of consumer durables and investment goods rose slightly.
Wholesale prices went down by 1.3 per cent from July 2001. This was mainly attributable to lower prices of pulp, paper and paper products and chemicals and chemical products.
Export prices fell by 0.4 per cent from June to July
Export prices went down by 0.4 per cent from June to July. The fall was mainly due to lower prices of timber and wood products, pulp, paper and paper products, electronic goods and oil products. The decline of export prices was restrained most by the 2.6 per cent rise in prices of chemicals and chemical products.
Wholesale prices rose by 0.3 per cent in July. The rise was mostly caused by higher prices of forestry products and chemicals and chemical products.
Month-on-month and year-on-year changes of Producer Price Indices in July 2002
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|
Indices (1995=100) |
Point figure |
Change, % |
Change, % |
|
Producer price index for manufactured products |
105.7 |
0.2 |
-1.6 |
|
Export price index |
96.9 |
-0.4 |
-3.4 |
|
Import price index |
105.4 |
0.0 |
-2.6 |
|
Basic price index for domestic supply |
106.7 |
0.1 |
-1.3 |
|
Wholesale price index |
106.9 |
0.3 |
-1.3 |
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 2002, July. Statistics Finland