This is an archived release.
Lower producer prices
The Producer price index (PPI) decreased by 1.6 per cent from March to April 2012. The main reason was lower prices within extraction and related services.
The Producer price index decreased by 1.6 per cent form March to April 2012. In addition to 4 per cent lower prices within extraction and related services, another important reason for the decline in PPI was a fall in prices of basic metals. Prices of refined petroleum, chemical and pharmaceutical products, on the other hand, were 2.1 per cent higher in April than in March.
A decrease of 4.3 per cent in prices within extraction of oil and natural gas was the main reason that prices of extraction and related services declined. Both oil and gas prices fell from March to April. Prices of basic metals fell 1.4 per cent, mainly because of 1.9 per cent lower prices of non-ferrous metals.
The strongest contributions to dampening the decline in the PPI from March to April 2012 were a 1.8 per cent rise in prices of refined petroleum products and 2.6 per cent higher prices of chemical and pharmaceutical products.
Twelve-month change: Prices up 2.5 per cent
The PPI increased 2.5 per cent from April 2011 to April 2012. The main reason for this was higher prices within extraction of oil and natural gas as well as refined petroleum products. Lower prices of both electricity and basic metals played an important part in dampening the twelve-month growth in PPI. Here prices decreased 28.6 and 12.7 per cent respectively.
From March to April 2012, the twelve-month change in PPI declined 4.1 percentage points. This was largely due to a decline of 11 percentage points in the twelve-month growth of prices within extraction of oil and natural gas, from 18.3 per cent in March to 7.3 per cent in April.
|April 2012||Changes, per cent|
|Extraction and related services||395.3||-4.0||6.6|
|Manufacturing, mining and quarrying||160.4||0.6||1.2|
|Electricity, gas and steam supply||233.6||0.6||-28.6|
|Main industrial groupings|
For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .
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