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Finland Producer Price Inflation Stays At 1.7%

Finland's producer price inflation remained unchanged at 1.7 percent annually in October, Statistics Finland reported Monday.

The increase in the producer prices for manufactured products was particularly caused by higher prices of oil products and food, while the growth was curbed by lower costs of the manufacturing of basic metals and pulp.

On a monthly basis, overall producer prices were down 0.5 percent mainly due to decreased prices of oil products from the previous month.

Export price annual inflation accelerated to 0.9 percent in October from 0.7 percent last month. Meanwhile, import price inflation slowed to 2.7 percent from 3.3 percent.

by RTTNews Staff Writer

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