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Finnish Output Price Inflation Quickens In February

3/26/2012 2:13 AM ET

Finland's producer price inflation accelerated for the second consecutive month in February, data released by Statistics Finland showed Monday.

The producer price index increased 2.2 percent on an annual basis in February, faster than the 1.8 percent growth seen in January. In December, prices moved up 1.4 percent.

The growth prices was particularly driven by higher prices of oil products, food and metals, while the increase was offset by falls in the prices of electricity, the agency said.

Output prices of goods sold in the domestic market gained 3.1 percent annually, while prices of products meant for export rose 1.2 percent.

On a monthly basis, output prices rose at a faster rate of 1.2 percent in February than the previous month's 1 percent increase.

At the same time, the export price index moved up 0.7 percent month-on-month in February, taking the annual growth to 1.2 percent. Import prices advanced 1.1 percent on a monthly basis, and climbed 4.5 percent annually.

by RTT Staff Writer

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