Published: 24 January 2019

Producer prices for services grew by 1.8 per cent year-on-year in October to December

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.8 per cent in the fourth quarter of 2018. Compared to the previous quarter, producer prices for services rose by 0.3 per cent.

Producer Price Indices for Services 2015=100, I/2015–IV/2018

Producer Price Indices for Services 2015=100, I/2015–IV/2018

Producer prices for services were pushed up particularly by higher prices of freight transport by road and rents of dwellings from one year ago. The price increase was also affected by higher prices of food services and technical services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as passenger transport services, for example.

Producer prices for services for enterprises and the public sector (Business to Business, BtoB) were boosted in particular by higher prices of freight transport by road and technical services from one year ago. The rise was held back by fallen prices of renting services of machinery and equipment, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of rents of dwellings and food services from one year ago. The rise was held back by, for example, lower prices of passenger transport services.

Producer Price Indices for Services 2015=100, total (BtoAll), 4th quarter 2018

Services by activity Point figure Quarterly change,% Annual change,%
TOTAL INDEX 104.0 0.3 1.8
H TRANSPORTATION AND STORAGE SERVICES 104.0 0.8 3.3
I ACCOMMODATION AND FOOD SERVICES 106.9 0.1 2.3
J INFORMATION AND COMMUNICATION SERVICES 103.9 0.9 1.3
L REAL ESTATE SERVICES 104.7 0.4 1.5
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 104.1 0.2 1.9
N ADMINISTRATIVE AND SUPPORT SERVICES 100.0 -1.3 -0.4
P EDUCATION SERVICES 105.4 0.1 4.3
Q HUMAN HEALTH AND SOCIAL WORK SERVICES 105.8 0.0 2.3
R ARTS, ENTERTAINMENT AND RECREATION SERVICES 103.3 0.0 -0.3
S OTHER SERVICES 103.8 0.3 1.7

Producer Price Indices for Services currently cover about 60 per cent of the market services.


Source: Producer Price Indices for Services 2018, 4th quarter. Statistics Finland

Inquiries: Ville Markkanen 029 551 3023, Satu Sitkiä-Vikholm 029 551 3424, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.01.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2018. Helsinki: Statistics Finland [referred: 24.4.2019].
Access method: http://www.stat.fi/til/pthi/2018/04/pthi_2018_04_2019-01-24_tie_001_en.html