Producer prices for manufactured products fell by 0.3 per cent in June 2024 year-on-year

Product groups affecting the changes in indices

Producer prices for manufactured products fell by an average of 0.3 per cent from a year ago. The decrease in the producer prices was particularly caused by the decrease in prices of paper and paperboard, basic metals, and chemicals and chemical products compared with last year's June. The fall in prices was curbed especially by the increase in prices of pulp, machinery and equipment, and waste from a year ago.

The export price index went down by 0.3 per cent in a year. The decrease in export prices was especially due to lower prices of paper and paperboard, oil products, and chemicals and chemical products compared with last year’s June. The fall in export prices was curbed especially by the increase in prices of pulp, precious metals, and machinery and equipment. 

The import price index went down by 0.4 per cent in a year. The decrease in import prices was, in turn, especially caused by lower prices of electricity, basic metals, paper and paper products, and chemicals and chemical products compared with last year’s June. The fall in prices was curbed especially by the increase in prices of crude oil, oil products, and pharmaceutical preparations.

The basic price index for domestic supply fell by 0.5 per cent and the basic price index for domestic supply including taxes went down by 0.1 per cent from a year ago.

From May to June, producer prices for manufactured products went down by 0.3 per cent. Producer prices fell especially due to fallen prices of electricity, oil products, and chemicals and chemical products compared with the previous month. The fall in prices was curbed especially by the increase in prices of pulp, and iron and steel compared with the previous month.