Producer prices for manufactured products fell by 2.3 per cent in September 2024 year-on-year

Product groups affecting the changes in indices

Producer prices for manufactured products fell by an average of 2.3 per cent from a year ago. The fall in the producer prices was particularly caused by lower prices of oil products, and chemicals and chemical products compared with last year's September. The decrease in prices was curbed especially by the increase in prices of pulp, electricity, and timber from a year ago.

The export price index went down by 2.7 per cent in a year. The fall in export prices was especially due to lower prices of oil products and basic chemicals compared with last year’s September. The fall in export prices was curbed especially by the increase in prices of pulp, prestige metals, and timber.

The import price index went down by 4.0 per cent in a year. The decrease in import prices was, in turn, especially caused by lower prices of crude oil, oil products, and basic metals compared with last year’s September. The fall in prices was curbed especially by the increase in prices of food products and pharmaceutical preparations.

The basic price index for domestic supply fell by 2.0 per cent and the basic price index for domestic supply including taxes went down by 0.4 per cent from a year ago.

From August to September, producer prices for manufactured products remained on average unchanged. Producer prices fell especially due to fallen prices of oil products, pulp, and chemicals and chemical products compared with the previous month. Producer prices went up especially by the increase in prices of electricity compared with the previous month.