Published: 24 October 2019

Producer prices for services grew by 1.7 per cent year-on-year in July to September

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.7 per cent in the third quarter of 2019. Compared to the previous quarter, producer prices for services rose by 0.3 per cent.

Producer Price Indices for Services 2015=100, I/2015–III/2019

Producer Price Indices for Services 2015=100, I/2015–III/2019

Producer prices for services were pushed up particularly by higher prices of rents of dwellings and freight transport by road from one year ago. The price increase was also affected by higher prices of food services and business and management consulting services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as telecommunications, 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 business and management consulting 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), 3rd quarter 2019

Services by activity Point figure Quarterly change,% Annual change,%
TOTAL INDEX 105.5 0.3 1.7
H TRANSPORTATION AND STORAGE SERVICES 105.2 0.0 2.0
I ACCOMMODATION AND FOOD SERVICES 109.3 0.8 2.3
J INFORMATION AND COMMUNICATION SERVICES 105.0 0.2 1.9
L REAL ESTATE SERVICES 106.0 0.3 1.6
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 105.4 0.0 1.5
N ADMINISTRATIVE AND SUPPORT SERVICES 100.8 0.9 -0.5
P EDUCATION SERVICES 106.2 0.5 0.9
Q HUMAN HEALTH AND SOCIAL WORK SERVICES 109.5 0.0 3.4
R ARTS, ENTERTAINMENT AND RECREATION SERVICES 104.9 0.5 1.6
S OTHER SERVICES 104.9 0.2 1.4

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


Source: Producer Price Indices for Services 2019, 3rd 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 24.10.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 3rd quarter 2019. Helsinki: Statistics Finland [referred: 18.11.2019].
Access method: http://www.stat.fi/til/pthi/2019/03/pthi_2019_03_2019-10-24_tie_001_en.html