European Economic News

Finnish Producer Prices Fall 0.5% In April

Finland's producer prices decreased from last year in April, after staying flat in the previous month, data released by Statistics Finland showed Friday.

The producer price index dropped 0.5 percent on an annual basis in April, after staying unchanged in March. In February, prices had edged up by 0.1 percent.

The fall in the headline index was driven mainly by a 1.8 percent annual decline in output prices in the export market. Prices in the domestic market, meanwhile, increased by 0.5 percent.

Producer prices decreased a seasonally adjusted 0.6 percent compared to March, when they recorded a 0.3 percent increase, data showed.

At the same time, the export price index dropped 0.6 percent month-on-month in April, taking the annual contraction to 1.7 percent. The import price index decreased 1.4 percent sequentially, and by 2.7 percent compared to April 2012.

by RTTNews Staff Writer

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