Producer prices (year-on-year % change) Year Month change December -5.7 2015 January -7.5 February -6.1 March -4.5 April -3.8 May -3.3 June -3.5 July -4.1 August -5.7 September -6.5 October -6.2 November -4.7 December -3.3 2016 January -2.7 February -5 March -5.4 April -5.9 May -5.3 June -4.5 July -4.2 August -2.2 September -0.7 October 1.5 November 1 December 4.4 2017 January 7 February 8.6 March 7.7 April 7.5 May 4.9 June 3 July 3.1 August 3.6 September 4.1 October 2.8 November 3.8 December 2.1 2018 January 1.5 February 0.3 March 0.6 April 1 May 3.7 June 5 July 5.4 August 5.2 September 4.7 October 5.3 November 2.7
Lower increase in crude oil price
In November 2018, the price of a barrel of crude North Sea Brent oil was 58 euros, more than 8 percent higher than in November 2017. In October 2018, the crude oil barrel price stood at over 70 euros, over 43 percent up on October 2017.
Output prices are strongly affected by crude oil price developments. In November, prices of petroleum derivatives increased by almost 9 percent year-on-year. The price increase in October was almost 35 percent.
In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 6 percent higher in November than in the same month last year. The year-on-year price increase in October was over 7 percent.
Furthermore, prices in the automotive industry as well as prices of electrotechnical products, machinery, rubber and plastic products, metal products, and food products were higher than in November 2017.
|Rubber and plastic||0.9|
|*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry|
Prices of manufactured products decreased in November
Prices of manufactured products fell by almost 2 percent in November relative to October. Prices on the domestic market decreased by over 1 percent and on the foreign market by 2 percent.