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Producer prices
2020 March -2.6
2020 April -5.8
2020 May -5.6
2020 June -4.1
2020 July -3.6
2020 August -3.3
2020 September -4
2020 October -3.8
2020 November -3.5
2020 December -3.1
2021 January -1.3
2021 February 0.5
2021 March 5.2
2021 April 9.4
2021 May 9.9
2021 June 9.9
2021 July 11.6
2021 August 12.5
2021 September 13.6
2021 October 16.3
2021 November 16.8
2021 December 16.1
2022 January 18
2022 February 18.2
2022 March 20.8
2022 April 23.5
2022 May 23.8
2022 June 24.9
2022 July 23.8
2022 August 21.7
2022 September 19.9
2022 October 18.1
2022 November 15.5
2022 December 13.3
2023 January 11.1
2023 February 8.7
2023 March 4
2023 April 0.2
2023 May -1.9
2023 June -3.7
2023 July -5.2
2023 August -3.2
2023 September -1.5
2023 October -3.2
2023 November -2.6
2023 December -1.9
2024 January -3
2024 February -1.8

Smaller year-on-year decrease in crude oil prices

Output prices are strongly influenced by the price of crude oil. In February, a barrel of North Sea Brent crude cost 75.5 euros, over 3 percent less than one year previously. In January, the average price of a barrel of crude stood at 72.5 euros, which was over 7 percent lower than one year previously.

Year on year, prices for petroleum derivatives were down by 2.7 percent in February, while in January they were down by 10.5 percent. In the chemical industry too, output prices tend to track the price of crude oil. Output prices for chemical products were 8.6 percent lower than they were in February 2023. In January 2024, they were down by 11.0 percent year on year.

Producer prices manufacturing by sector*, February 2024
Machinery 4.7
Cars 3
Electronic products 2.8
Food products -1.3
Rubber and plastic -2.4
Petroleum products -2.7
Metal products -4.6
Chemical products -8.6
*Altogether, the eight industries referred to account for almost 75 percent of the total Dutch manufacturing industry

Manufacturing output prices rose in February

Output prices rose by 0.6 percent in February compared to January. Prices on both the export and domestic markets rose by 0.6 percent.

Index producer prices
2020 March 91.4
2020 April 89.3
2020 May 89.5
2020 June 90.1
2020 July 90.5
2020 August 90.3
2020 September 90
2020 October 90.2
2020 November 90.5
2020 December 91.2
2021 January 93.1
2021 February 94.5
2021 March 96.1
2021 April 97.6
2021 May 98.4
2021 June 99
2021 July 101
2021 August 101.6
2021 September 102.3
2021 October 104.8
2021 November 105.6
2021 December 105.8
2022 January 109.9
2022 February 111.7
2022 March 116.2
2022 April 120.6
2022 May 121.8
2022 June 123.8
2022 July 125
2022 August 123.7
2022 September 122.7
2022 October 123.9
2022 November 121.9
2022 December 119.9
2023 January 122.2
2023 February 121.5
2023 March 120.8
2023 April 120.9
2023 May 119.6
2023 June 119.2
2023 July 118.6
2023 August 119.7
2023 September 120.8
2023 October 119.9
2023 November 118.8
2023 December 117.7
2024 January 118.5
2024 February 119.3

With effect from the reporting month of January 2024, the base year for the price index has changed from 2015 to 2021. The old series (base year = 2015) can still be accessed in StatLine, but will no longer be updated.

Source of original article: Statistics Netherlands (CBS) (www.cbs.nl).
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