Wednesday 12/8/21
ECONOMY

Finland producer price inflation rises in October

Producer prices increased 20.8% year-on-year in October
HANDOUT - 24 May 2021, Belgium, Brussels: Finnish Prime Minister Sanna Marin speaks to media upon her arrival to attend a special EU summit. Photo: -/EU Council/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full
Finnish Prime Minister Sanna Marin speaks to media upon her arrival to attend a special EU summit in Brussels. Photo: EU Council/File photo.

Finland's producer price inflation increased in October, data from Statistics Finland showed on Wednesday.

Producer prices increased 20.8% year-on-year in October, following a 19.1% rise in September.

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

Import prices grew 22.6% annually in October and export prices rose by 23.5%.

On a month-on-month basis, producer prices rose 1.2% in October, after a 2.3% increase in the prior month.

Finland producer price inflation rises in October
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