Monday 10/25/21
BUSINESS

Finland producer price inflation accelerates in July

Export prices rose by 14.9%
Steel-manufacture-factory
Photo: Pixabay.

Finland's producer price inflation accelerated in July, data from Statistics Finland showed on Tuesday.

Producer prices for manufactured products increased 14.8% year-on-year in July, after an 11% rise in June.

The increase in the producer prices for manufactured products was particularly attributable to risen prices of oil products, basic metals and timber from July last year.

Import prices grew 15.1% annually in July and export prices rose by 14.9%.

On a month-on-month basis, producer prices rose 3.4% in July, after a 1.6% increase in the prior month.

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