Forex News

Finnish producer price inflation reached a minimum of seven months

According to statistics from Statistics Finland, published on Friday, Finnish producer prices rose at the slowest rate in seven months in November.
Producer prices increased by 4.7 percent year-over-year in November after rising 5.8 percent in October, which was the lowest since April.
The rise in producer prices for manufactured goods was due to a rise in prices for pulp, paper, cardboard, petroleum products and electricity.
On a monthly basis, producer prices fell 0.3 percent in November, which was the first fall since June 2017, after rising 0.3 percent in October.
The data showed that the export price index rose by 4.5 percent year on year, while import prices rose by 3.7 percent. On a monthly basis, export prices decreased by 0.8 percent and import prices – by 2.2 percent.