18 November 2002
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Mr
Anssi Vuorio +358 9 1734 2934
Director in charge: Mr Kari Molnar
Wholesale prices rose by 0.8 per cent in the year
According to Statistics Finland, wholesale prices went up by 0.8 per cent from last year's October. The rise was mainly due to higher prices of oil products, crude oil, and electricity and district heat. The rise of wholesale prices was curbed by lower prices of electronic goods and chemicals and chemical products.
Import prices rose by 0.6 per cent from last year's October. The rise was mostly attributable to higher prices of crude oil, metal ores, and food and beverages. The rise was curbed particularly by that prices of chemicals and chemical products fell by 3.6 per cent, those of electrical goods and optical equipment by 2.4 per cent, prices of oil products by 3.8 per cent and those of textiles and clothes by 4.0 per cent.
Export prices fell by 1.4 per cent in the year. The fall was caused by the 2.4 per cent decrease in prices of raw materials and output commodities as well as prices of investment goods.
Import prices up by 0.8 per cent in October
According to Statistics Finland, producer prices increased by 0 to 0.8 per cent from September to October. Import prices rose most, by 0.8 per cent. This was mainly due to higher prices of crude oil and oil products.
Month-on-month and year-on-year changes of Producer Price Indices in October 2002
>
|
Indices (1995=100) |
Point figure |
Change, % |
Change, % |
|
Producer price index for manufactured products |
106.6 |
0.4 |
0.5 |
|
Export price index |
96.5 |
0 |
-1.4 |
|
Import price index |
105.3 |
0.8 |
0.6 |
|
Basic price index for domestic supply |
107.5 |
0.6 |
0.8 |
|
Wholesale price index |
107.6 |
0.4 |
0.8 |
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, October. Statistics Finland