Producer prices for manufactured products rose by 3.8 per cent in March 2023 year-on-year

Product groups affecting the changes in indices

The rise in the producer prices for manufactured products was particularly caused by higher prices of food products, paper and paper products and electricity compared to last year's March. The increase in prices was curbed especially by the decrease in prices of oil products, iron and steel, and timber from a year ago.

The export price index rose by 1.0 per cent and the import price index by 0.7 per cent in a year. The basic price index for domestic supply went up by 5.5 per cent. The basic price index for domestic supply including taxes rose by 5.2 per cent.

The rise in the export price index was especially due to higher prices of machinery and equipment and paper and paper products compared to last year’s March. The rise in the import price index was, in turn, especially caused by higher prices of chemicals and chemical products, food products and electricity.

From February to March, producer prices for manufactured products went down by 0.7 per cent. Producer prices fell especially due to fallen prices of electricity and paper and paper products compared with the previous month. The fall in prices was curbed particularly by higher price of food products.