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Latest publication: Producer price indices 2017, September

Published: 24 August 2017

Producer prices for manufactured products grew by 3.7 per cent from July last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 3.7 per cent from July 2016 to July 2017. Producer prices for manufactured products sold on the domestic market rose by 3.2 per cent, while the producer prices of export products went up by 4.5 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–7/2017

Producer Price Index (PPI) 2010=100, 1/2010–7/2017
The rise in the producer prices for manufactured products was particularly caused by increased prices of manufacturing of basic metals, chemicals and chemical products, and oil products from July 2016. The rising of producer prices was curbed particularly by falls in the prices of paper and paper products and electricity.

The Export Price Index rose by 4.4 per cent and the Import Price Index by 8.8 per cent in the year. The Basic Price Index for Domestic Supply went up by 4.7 per cent. The Basic Price Index for Domestic Supply including taxes went up by 4.4 per cent.

Export prices were, in particular, boosted by the higher prices of manufacturing of basic metals and chemicals and chemical products from July 2016. The rising of the prices was curbed especially by fallen cost of paper and paper board. The rise in import prices was in turn especially caused by higher prices of metal ores, manufacturing of basic metals and hard coal compared with the previous year's July. The increase was curbed above all by lower costs of the manufacturing of electrical equipment.

From June to July, producer prices for manufactured products rose by 0.2 per cent. The rise was mainly due to increased prices of electricity from the previous month.

Producer Price Indices 2010=100, July 2017

  Index Monthly change, % Annual change, %
Producer Price Index, total 104.6 0.2 3.7
- Producer Price Index, domestic goods 106.7 0.2 3.2
- Producer Price Index, export goods 102.0 0.3 4.5
Export Price Index 102.0 0.3 4.4
Import Price Index 104.9 0.4 8.8
Basic Price Index for Domestic Supply 108.1 0.3 4.7
Basic Price Index for Domestic Supply, incl. taxes 111.4 0.3 4.4

Producer Price Indices 1949=100, July 2017

  Index Monthly change, % Annual change, %
Production Price Index 1928 0.2 3.7
Export Price Index 1665 0.3 4.4
Import Price Index 1566 0.4 8.8
Wholesale Price Index 2241 0.3 4.4

Source: Producer Price Index 2017, July. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mikael Mäkimattila 029 551 2992, Antti Kytönen 029 551 3475, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.8.2017

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. July 2017. Helsinki: Statistics Finland [referred: 21.11.2017].
Access method: http://www.stat.fi/til/thi/2017/07/thi_2017_07_2017-08-24_tie_001_en.html

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