Producer prices for manufactured products fell by 0.8 per cent in December 2024 year-on-year

Product groups affecting the changes in indices

Producer prices for manufactured products fell by an average of 0.8 per cent from a year ago. The fall in the producer prices was particularly caused by lower prices of electricity, oil products, and chemicals and chemical products compared with last year's December. 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 up by 0.9 per cent in a year. The rise in export prices was especially due to higher prices of pulp and precious metals compared with last year’s December. The rise in export prices was curbed especially by the decrease in prices of oil products, and chemicals and chemical products.

The import price index went down by 2.2 per cent in a year. The decrease in import prices was, in turn, especially caused by lower prices of electricity and basic metals compared with last year’s December. 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 0.8 per cent from a year ago.

From November to December, producer prices for manufactured products went up by 0.1 per cent. Producer prices were particularly boosted by the higher prices of oil products compared with the previous month. The rise in prices was curbed especially by the fallen prices of basic metals compared with the previous month.