In November, Finland experienced a decline in producer prices for the fourth consecutive month, as reported by Statistics Finland on Friday. The producer price index decreased by 1.5% compared to the same month last year, which marks a slower decline than the 2.3% drop observed in October.
The reduction in producer prices was largely due to decreased costs of oil products, electricity, and chemicals, according to the agency. However, this decline was somewhat mitigated by rising prices in pulp, timber, and precious metals.
Annually, domestic producer prices saw a reduction of 2.3%, while export product prices fell by 0.5%. On a monthly basis, producer prices experienced a growth of 0.3% in November, rebounding from a 0.2% decrease in the previous month.
Additional data revealed that export prices were down by 1.7% from the previous year, and import prices decreased by 0.5%.
The material has been provided by InstaForex Company - www.instaforex.com
The reduction in producer prices was largely due to decreased costs of oil products, electricity, and chemicals, according to the agency. However, this decline was somewhat mitigated by rising prices in pulp, timber, and precious metals.
Annually, domestic producer prices saw a reduction of 2.3%, while export product prices fell by 0.5%. On a monthly basis, producer prices experienced a growth of 0.3% in November, rebounding from a 0.2% decrease in the previous month.
Additional data revealed that export prices were down by 1.7% from the previous year, and import prices decreased by 0.5%.
The material has been provided by InstaForex Company - www.instaforex.com