Manufactured goods see 7.7% price fall in Nov

Producer prices for manufactured products fell by an average of 7.7 per cent from November 2022 to November 2023, according to Statistics Finland.

The producer prices of manufactured products sold on the domestic market fell by 6.5 per cent, while the producer prices of export products went down by 9.2 per cent.

The decrease in the producer prices for manufactured products was particularly caused by the decrease in the prices of electricity, paper and paper products, and oil products compared to last year's November.

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

The export price index fell by 9.1 per cent and the import price index by 9.4 per cent in a year.

The basic price index for domestic supply went down by 5.4 per cent and the basic price index for domestic supply including taxes fell by 6.3 per cent.