18 December 2002
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Mr
Anssi Vuorio +358 9 1734 2394
Director in charge: Mr Kari Molnar
Export prices fell by 1.0 per cent in the year
According to Statistics Finland, export prices went down by 1.0 per cent from November 2001 to November 2002. The fall was mainly attributable to that prices of paper and paperboard declined by 5.4 per cent and prices of electronic goods and optical equipment by 3.2 per cent. The fall of export prices was most sustained by higher prices of oil products and of measurement and control equipment.
Basic price index for domestic supply, that is, prices exclusive of tax of goods used in Finland rose by 1.3 per cent from last year's November. The rise was principally due to higher prices of electricity, crude oil and oil products.
Import prices went up by 1.2 per cent from last year's November. The rise was mostly caused by higher prices of crude oil and motor vehicles.
Lower prices of oil products decreased import prices in November
Import prices fell by 1.5 per cent from October to November. The fall was mainly caused by lower price of crude oil.
Producer prices for manufactured products, that is, prices for goods intended for the domestic market increased by 0.2 per cent in November. In particular, the 5.1 per cent rise in price of electricity elevated producer prices. The rise was curbed by that prices of oil products fell by 10.0 per cent and price of pulp by 4.5 per cent.
Month-on-month and year-on-year changes of Producer Price Indices in November 2002
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| Indices (1995=100) | Point figure 11/2002 |
Change, % 10/2002 - 11/2002 |
Change, % 11/2001 - 11/2002 |
| Producer price index for manufactured products | 106.9 | 0.2 | 1.1 |
| Export price index | 96.1 | -0.4 | -1.0 |
| Import price index | 103.7 | -1.5 | 1.2 |
| Basic price index for domestic supply | 107.2 | -0.3 | 1.3 |
| Wholesale price index | 107.1 | -0.4 | 1.1 |
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, November. Statistics Finland