Dutch manufacturing prices 4 percent up

Dutch manufacturing prices 4 percent up

Output prices of the Dutch manufacturing industry were 4 percent higher in October 2012 than in October 2011 according to figures released by Statistics Netherlands. The increase in manufacturing prices was in the same order of magnitude as in August and September.

Output prices in the petroleum industry were more than 12 percent higher than twelve months previously. Manufacturers of food, drinks and tobacco also charged considerably more for their products (7 percent). Prices of chemical products rose by more than 3 percent. Output prices in the basic metal industry decreased, on the other hand. Products were more than 5 percent cheaper than one year previously.

Output prices in manufacturing shrank by 0.5 percent in October compared to September. In the three preceding months, prices had been rising compared to the previous month. This is mainly due to developments in crude oil prices.

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