Finland’s producer prices continued to decline in May, though at a slower pace than a month ago, figures from Statistics Finland showed Monday.
The producer price index fell 4.0 percent year-over-year in May, following a 4.7 percent decrease in April. The measure has been falling since August 2013.
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from May 2015, the agency said.
Domestic market producer prices slipped 3.4 percent annually in May and prices in the foreign market went down by 4.8 percent.
Import prices also dipped at a slower pace of 7.2 percent in May from a year ago, after a 8.3 percent decline in the preceding month. Similarly, Export prices slid 4.9 percent from April, when it dropped 5.5 percent.
On a monthly basis, producer prices for manufactured products rose 0.6 percent in May, led by increased prices of oil products. In April, prices showed no variations.
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