Finland’s producer prices continued to decline in March, but at a slower pace than in the previous month, figures from Statistics Finland showed Friday.
The producer price index for manufactured products dropped 0.8 percent year-over-year in March, after a 1.8 percent decrease in the previous month. Producer prices have been falling since August 2013.
In March, producer prices declined especially due to reductions in the prices of oil products, and chemical products from the prior year.
Domestic market producer prices slipped 1.2 percent annually in March and prices in the foreign market fell by 0.3 percent.
Export price index edged down 0.2 percent in March from a year ago and import price index decreased notably by 4.2 percent.
On a monthly basis, producer prices rose 0.5 percent in March, slower than February’s 1.0 percent climb. It was the second consecutive monthly increase.
The material has been provided by InstaForex Company – www.instaforex.com