This is an archived release.
Decrease in prices of energy goods
The producer price index (PPI) fell by 2.1 per cent from April to May 2011 mainly caused by lower prices of energy goods.
From April to May 2011, prices of crude oil (Brent Blend) and refined petroleum products decreased by 5.6 and 5.1 per cent respectively. In refined petroleum products the decline was larger in the export market compared to the domestic market. From August/September 2010 to April 2011, prices of crude oil and petroleum products rose sharply.
Manufacturing prices down 0.7 per cent.
Manufacturing prices fell 0.7 per cent from April to May. In addition to the price decline in refined petroleum products, prices of basic metals fell in the export market. In the domestic market, prices of iron and steel fell. From July 2010 to February 2011, prices in basic metals increased, followed by a total fall of 3.6 per cent.
The price growth in chemicals and pharmaceutical products continued from April to May with a 1.3 per cent increase. Basic chemicals in the domestic market increased 5.4 per cent.
Twelve month change: PPI up 18 per cent
The price growth in PPI over the last twelve months was caused in particular by higher prices in extraction of oil and natural gas together with refined petroleum products. In addition, prices of food products together with chemicals and pharmaceutical products increased by 6 and 14 per cent respectively.
|May 2011||Changes, per cent|
|April 2011-May 2011||May 2010-May 2011|
|Extraction of oil and natural gas||355.7||-4.0||29.9|
|Manufacturing, mining and quarrying||157.4||-0.7||8.6|
|Electricity, gas and steam supply||326.0||-0.3||7.9|
|Main industrial groupings||147.9||0.1||7.6|
For information on the commodity price index for the industrial sectors, see commodity price index for the industrial sector .
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