17 November 2003
Inquiries: Mr Jari Harjunpää +358 9 1734 3472, Mr
Anssi Vuorio +358 9 1734 2934
Director in charge: Mr Kari Molnar
Export prices fell by 3.8 per cent in the year
According to Statistics Finland, producer prices went down by 3.8 per cent from October 2002 to this year's October, primarily because of fallen prices of electronic and electrical goods, and pulp, paper and paper products. The fall of the index was curbed by risen prices of electric motors and transformers, other metals, and instruments and appliances for measuring, checking, testing and navigation.
Producer prices for manufactured products fell by 2.0 per cent year-on-year, in particular due to lower prices of electronic and electrical goods, pulp, paper and paper products, and oil products. The prices of investment goods went down by 4.2 per cent from October 2002.
Import prices rose by 0.5 per cent in October
Import prices went up by 0.5 per cent from September to October. The rise was mainly caused by higher prices of crude oil and other metal ores. In October, the prices of energy products increased by 0.6 per cent and those of raw materials and output commodities by 0.7 per cent. The rise of the index was especially held back by lower prices of electronic and electrical products.
Export prices rose by 0.1 per cent from September to October, mostly due to increased prices of energy products and raw materials. The prices of investment goods fell by 0.2 per cent, those of durable goods by 0.1 and the prices of other non-durable goods by 0.1 per cent.
Month-on-month and year-on-year changes of Producer Price Indices in October 2003
>
| Indices (2000=100) |
Point figure 10/2003 |
Change, % 9/2003 - 10/2003 |
Change, % 10/2002 - 10/2003 |
|
| Producer price index for manufactured products, total | 92.2 | 0.2 | -2.0 | |
| Export price index | 85.9 | 0.1 | -3.8 | |
| Import price index | 93.5 | 0.5 | -1.3 | |
| Basic price index for domestic supply | 98.1 | 0.2 | -0.6 | |
| Wholesale price index | 97.0 | 0.3 | -0.9 | |
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 2003, October. Statistics Finland