Producer prices for manufactured products fell by 1.5 per cent in November 2024 year-on-year

Product groups affecting the changes in indices

Producer prices for manufactured products fell by an average of 1.5 per cent from a year ago. The fall in the producer prices was particularly caused by lower prices of oil products, electricity, and chemicals and chemical products compared with last year's November. The decrease in prices was curbed especially by the increase in prices of pulp, timber, and precious metals from a year ago.

The export price index went down by 0.5 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 November. 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 1.7 per cent in a year. The decrease in import prices was, in turn, especially caused by lower prices of electricity, chemicals and chemical products, and crude oil compared with last year’s November. The fall in prices was curbed especially by the increase in prices of food products.

The basic price index for domestic supply fell by 1.7 per cent and the basic price index for domestic supply including taxes went down by 0.2 per cent from a year ago.

From October to November, producer prices for manufactured products went up by 0.3 per cent. Producer prices were particularly boosted by the higher prices of electricity compared with the previous month. The rise in prices was curbed especially by the fallen prices of machinery and equipment compared with the previous month.