Manufacturing output prices 20.9 percent up in January

28/02/2022 15:00

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Statistics Netherlands (CBS) reports for January 2022 that prices of Dutch-manufactured products were up by an average of 20.9 percent year on year. Dutch-manufactured products were 19.6 percent up year on year in the previous month.

Producer prices
Year	Month	change (year-on-year % change)
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	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.8
2019	September	-0.7
2019	October	-1.5
2019	November	0.2
2019	December	2.9
2020	January	2.2
2020	February	0.9
2020	March	-3.8
2020	April	-8
2020	May	-7.8
2020	June	-5.5
2020	July	-4.8
2020	August	-4.2
2020	September	-5.3
2020	October	-5
2020	November	-4.6
2020	December	-4.1
2021	January	-1.8
2021	February	0.9
2021	March	7.1
2021	April	12.3
2021	May	13.1
2021	June	12.6
2021	July	14.1
2021	August	15.2
2021	September	17.1
2021	October	20.5
2021	November	21
2021	December	19.6
2022	January	20.9

Producer prices
Year	Month	change (year-on-year % change)
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	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.8
2019	September	-0.7
2019	October	-1.5
2019	November	0.2
2019	December	2.9
2020	January	2.2
2020	February	0.9
2020	March	-3.8
2020	April	-8
2020	May	-7.8
2020	June	-5.5
2020	July	-4.8
2020	August	-4.2
2020	September	-5.3
2020	October	-5
2020	November	-4.6
2020	December	-4.1
2021	January	-1.8
2021	February	0.9
2021	March	7.1
2021	April	12.3
2021	May	13.1
2021	June	12.6
2021	July	14.1
2021	August	15.2
2021	September	17.1
2021	October	20.5
2021	November	21
2021	December	19.6
2022	January	20.9

Larger increase in crude oil price

Output prices are strongly affected by crude oil price developments. The crude oil price was 75.5 euros on average in January 2022, i.e. over 66 percent higher than in the same month in 2020. In December 2021, a barrel of North Sea Brent oil cost almost 66 euros, i.e. over 59 percent more than one year previously.

In January, prices of petroleum derivatives were up by 69.5 percent year on year; they were up by 69.3 percent in December. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 41.3 percent higher in January than in the same month of the previous year. In December 2021, prices were up by 45.4 percent year on year.

Prices in almost all of the manufacturing industries increased year on year in January 2021.

Producer prices manufacturing by sector*, January 2022
Category	% change (year-on-year % change)
Petroleum products	69.5
Chemical products	41.3
Rubber and plastic	16.6
Food products	14.2
Metal products	13.2
Machinery	5.1
Electronic products	4.3
Cars	2.4

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Producer prices manufacturing by sector*, January 2022
Category	% change (year-on-year % change)
Petroleum products	69.5
Chemical products	41.3
Rubber and plastic	16.6
Food products	14.2
Metal products	13.2
Machinery	5.1
Electronic products	4.3
Cars	2.4

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products rose in January

Relative to December, manufacturing output prices rose by 3.7 percent in January. They increased by 3.1 percent on the domestic market and by 4.3 percent on the export market.

Index producer prices
Year	Month	(2015=100) (2015=100)
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.5
2019	September	106.1
2019	October	106
2019	November	106.1
2019	December	106.7
2020	January	107
2020	February	106.3
2020	March	102.2
2020	April	99.1
2020	May	99.4
2020	June	100.6
2020	July	101.2
2020	August	101.1
2020	September	100.5
2020	October	100.8
2020	November	101.2
2020	December	102.3
2021	January	105
2021	February	107.2
2021	March	109.4
2021	April	111.2
2021	May	112.5
2021	June	113.3
2021	July	115.5
2021	August	116.5
2021	September	117.7
2021	October	121.5
2021	November	122.4
2021	December	122.4
2022	January	126.9

Index producer prices
Year	Month	(2015=100) (2015=100)
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.5
2019	September	106.1
2019	October	106
2019	November	106.1
2019	December	106.7
2020	January	107
2020	February	106.3
2020	March	102.2
2020	April	99.1
2020	May	99.4
2020	June	100.6
2020	July	101.2
2020	August	101.1
2020	September	100.5
2020	October	100.8
2020	November	101.2
2020	December	102.3
2021	January	105
2021	February	107.2
2021	March	109.4
2021	April	111.2
2021	May	112.5
2021	June	113.3
2021	July	115.5
2021	August	116.5
2021	September	117.7
2021	October	121.5
2021	November	122.4
2021	December	122.4
2022	January	126.9

Sources

StatLine - Producer Price Index
StatLine - Producer Price Index (PPI); output and importprices by product

Larger increase in crude oil price

Prices of manufactured products rose in January

Sources

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