Manufacturing output prices almost 3 percent up

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Producer prices

Year	Month	change (year-on-year % change)
	December	-5.7
2015	January	-7.5
2015	February	-6.1
2015	March	-4.5
2015	April	-3.8
2015	May	-3.3
2015	June	-3.5
2015	July	-4.1
2015	August	-5.7
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.7
2018	October	5.3
2018	November	2.7

Producer prices

Year	Month	change (year-on-year % change)
	December	-5.7
2015	January	-7.5
2015	February	-6.1
2015	March	-4.5
2015	April	-3.8
2015	May	-3.3
2015	June	-3.5
2015	July	-4.1
2015	August	-5.7
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.7
2018	October	5.3
2018	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.

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.