Finland Producer Prices Continue To Decline

(RTTNews) - Finland's producer prices continue to drop in April, data from Statistics Finland showed Monday.

The producer price index for manufactured products fell 0.3 percent in April from last year, but slower than the 0.8 percent decrease seen in March. Prices declined at the slowest pace since October.

Producer prices went down especially due to reductions in the prices of oil products and food from the previous year's April.

On a monthly basis, producer prices gained 0.5 percent, the same rate of growth as seen in March. This was the third consecutive rise in producer prices. The growth was mainly due to increased prices of oil products from the previous month.

The export price index rose 0.9 percent on a monthly basis and advanced 0.6 percent annually. At the same time, import prices climbed 1.1 percent, while it fell 3.6 percent year-on-year.