Prices manufactured products almost 13 percent up

The growth rateof prices of manufactured products has accelerated in the past months. February’s selling prices were almost 13 percent up on twelve months previously. The price level was just above the peak level of mid-2008.

The price increase partly depends on oil price fluctuations. Prices of refined petroleum products were almost 34 percent higher than one year previously. If these price developments are not taken into account, selling prices for manufactured products were 10 percent up on February 2010.

Prices of chemical products were 22 percent higher than one year previously. With nearly 18 and 13 percent respectively, price increases of basic metal products and food products were also in the double digits. In other branches, too, prices were up on February 2010.

Selling prices in manufacturing industry were 2 percent higher in February than in January. Prices on the foreign market rose more rapidly than prices on the domestic market. With more than 7 percent, the average price increase of refined petroleum products was much more substantial than in the other branches.

Factory gate prices

More figures can be found in dossier Business cycle.