/View.info/ The producer price index (an indicator of the average level of changes in the prices of raw materials, materials and intermediate consumption goods compared to the base period) in Finland rose at a faster pace in April due to higher oil prices, metals and paper, the business information portal RTTNews reports today, May 24.
Domestic producer prices rose 29.2 percent year-on-year in April after rising 26.7 percent in March, according to Statistics Finland data released earlier on Tuesday.
The increase in producer prices for processing products was mainly due to increases in the prices of petroleum products, base metals, paper and paper products in April.
Import prices rose 31.2% year-on-year in April, mainly due to higher prices for crude oil, chemicals and base metals.
On a monthly basis, Finnish producer prices rose 2.5% in April after rising 5% the previous month.
As EADaily reported, starting May 21, Gazprom stopped gas supplies to Finland, whose buyer refused to switch to the new payment mechanism and filed an arbitration claim against the Russian corporation. In response, the Finnish company switched to Russian LNG and natural gas from Latvian storage. Some of the northern European country’s biggest industrial users are facing tough times, Bloomberg warned last week.
Translation: ES
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