Manufactured goods see slight price fall in April

Producer prices for manufactured products fell by an average of 0.3 per cent in April 2023 from April 2022, according to Statistics Finland.

The producer prices of manufactured products sold on the domestic market rose by 4.0 per cent, while the producer prices of export products went down by 4.5 per cent.

The drop in the producer prices for manufactured products was particularly caused by the decrease in the prices of oil products, iron and steel, and timber compared to last year's April, according to Statistics Finland.

The fall in prices was curbed especially by the increase in prices of food products, machinery and equipment, and electricity from a year ago.

The export price index fell by 4.4 per cent and the import price index fell by 3.6 per cent in a year.

The basic price index for domestic supply went up by 2.5 per cent and the basic price index for domestic supply including taxes rose by 2.2 per cent in a year.

From March to April, producer prices for manufactured products went down by 1.6 per cent.

Producer prices fell especially due to fallen prices of electricity, oil products and paper and paper products compared with the previous month.