Producer prices for manufactured products fell by 2.3 per cent in October 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, chemicals and chemical products, and electricity compared with last year's October. The decrease in prices was curbed especially by the increase in prices of pulp, precious metals, and timber from a year ago.

The export price index went down by 2.0 per cent in a year. The fall in export prices was especially due to lower prices of oil products, and chemicals and chemical products compared with last year’s October. The fall in export prices was curbed especially by the increase in prices of pulp, precious metals, and timber.

The import price index went down by 3.7 per cent in a year. The decrease in import prices was, in turn, especially caused by lower prices of crude oil and oil products compared with last year’s October. 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 2.6 per cent and the basic price index for domestic supply including taxes went down by 0.9 per cent from a year ago.

From September to October, producer prices for manufactured products went down by 0.2 per cent. Producer prices fell especially due to fallen prices of electricity compared with the previous month. The fall in prices was curbed especially by the increase in prices of oil products compared with the previous month.