Manufactured goods see 33.9% price rise YoY

Producer prices for manufactured products rose by an average of 33.9 per cent from June 2021 to June 2022, according to Statistics Finland.

Producer prices for manufactured products sold on the domestic market rose by 30.4 per cent, while the producer prices of export products went up by 37.6 per cent.

The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, basic metals, chemicals and chemical products from last year's June.

The export price index rose by 37.2 per cent and the import price index by 34.8 per cent in the year.

The basic price index for domestic supply went up by 26.7 per cent. The basic price index for domestic supply including taxes rose by 23.0 per cent.

From May to June, producer prices for manufactured goods went up by 3.3 per cent. Producer prices were particularly boosted by the risen prices of oil products and electricity compared with the previous month.