Factory gate prices increased in January

Selling prices of the Dutch manufacturing industry increased by 1.1 percent in January 2006 compared to December. In the two preceding months prices were still falling. January’s price increase on the domestic market almost equal the price increase on the export market.

In January 2006 selling prices were on average 7.2 percent higher than in January 2005. Selling prices on the domestic market were 6.3 percent higher than the year before and export prices 7.9 percent. In 2005 selling prices for manufactured products were 6.2 percent higher on average than in 2004.

Prices of raw materials and semi-manufactured goods used in manufacturing industry increased by 2.6 percent in January 2006 compared to December. Prices of imported raw materials and semi-manufactures rose by 3.1 percent. Prices of domestic raw materials and semi-manufactured goods increased by 1.7 percent.

In January 2006 the prices of raw materials and semi-manufactured goods were 16.2 percent higher than in January 2005. Imported raw materials and semi-manufactures were 20.0 percent more expensive and domestic raw materials and semi-manufactures 10.4 percent. In 2005 prices of intermediate consumption by the manufacturing industry were on average 10.2 percent higher than in 2004.

Prices of crude oil and oil products largely account for the development of producer prices. Excluding the oil industry, selling prices of Dutch manufacturing industry were 2.6 percent higher in January 2006 than in January 2005; prices of raw materials and semi-manufactured goods were 7.8 percent higher.

Factory gate prices