Commodity price index for the industrial sector (discontinued), 15 November 2001

The total index showed a 4 per cent decrease from October to November, after falling 10 per cent from September to October. The major reason for the latest decline is an 8.4 per cent decrease in prices of crude oil. The development in the oil price made the group oil and gas extraction go down 7 per cent. Manufacturing prices went down about 1 per cent, while electricity showed a 3 per cent increase in prices from October to November.

The 12-month rate of manufacturing continue to fall

The 12-month rate of manufacturing has the last three months gone from -2.1 per cent to -4.9 per cent. The index has had this tendency over a long period. In June 2000 the 12-month rate was above 11 per cent. In June 2000 the 12-month rate of refined oil products was 72 per cent, while it had dropped to -32 per cent this November.

The group food products, beverages and tobacco are the most influential one with higher prices this year. The 12-month rate for this group went from 4.4 per cent in October to 4.2 per cent in November.