Prices for manufactured products grow by 2%

Producer prices for manufactured products rose by an average of 2.0 per cent from April 2018 to April 2019, according to Statistics Finland.

Producer prices for manufactured products sold on the domestic market rose by 2.7 per cent, while the producer prices of export products went up by 1.2 per cent.

The increase in the producer prices for manufactured goods was particularly attributable to risen prices of pulp, paper, paperboard and cardboard, and electricity, as well as oil products from April 2018. The rising of the prices was curbed particularly by fallen prices of iron and steel.

The Export Price Index rose by 1.2 per cent and the Import Price Index by 1.5 per cent in the year. The Basic Price Index for Domestic Supply went up by 2.6 per cent. The Basic Price Index for Domestic Supply including Taxes went up by 2.6 per cent.

Export prices were, in particular, boosted by the higher prices of pulp, paper, paperboard and cardboard, and chemicals and chemical products, as well as oil products from April last year. The rising of export prices was curbed particularly by fallen prices of iron and steel. The rise in import prices was, in turn, especially caused by higher prices of oil products and electricity compared with last year's April. The rise in import prices was curbed by a fall in the price of waste.

From March to April, producer prices for manufactured goods went up by 0.1 per cent. Producer prices were particularly boosted by the increase in oil prices compared with the previous month.