Published: 24 October 2017

Producer prices for manufactured products grew by 4.0 per cent from September last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 4.0 per cent from September 2016 to September 2017. Producer prices for manufactured products sold on the domestic market rose by 3.4 per cent, while the producer prices of export products went up by 4.7 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–9/2017

Producer Price Index (PPI) 2010=100, 1/2010–9/2017
The increase in the producer prices for manufactured goods was particularly attributable to risen prices of manufacturing of basic metals, oil products and chemicals and chemical products from September 2016. The rising of producer prices was curbed particularly by falls in the prices of paper and paper products and printing services.

The Export Price Index rose by 4.7 per cent and the Import Price Index by 9.3 per cent in the year. The Basic Price Index for Domestic Supply went up by 5.0 per cent. The Basic Price Index for Domestic Supply including taxes went up by 4.8 per cent.

Export prices were, in particular, boosted by the higher prices of manufacturing of basic metals and oil products from September 2016. The rising of the prices was curbed particularly by fallen cost of paper and paper board. The rise in import prices was, in turn, especially caused by higher prices of oil products, metal ores and manufacturing of basic metals compared with the previous year's September. The rising of the prices was curbed above all by falls in the prices of electrical equipment.

From August to September, producer prices for manufactured products rose by 0.5 per cent. The rise was mainly due to increased prices of oil products from the previous month.

Producer Price Indices 2010=100, September 2017

  Index Monthly change, % Annual change, %
Producer Price Index, total 105.3 0.5 4.0
- Producer Price Index, domestic goods 107.2 0.3 3.4
- Producer Price Index, export goods 103.0 0.9 4.7
Export Price Index 103.0 0.9 4.7
Import Price Index 106.0 1.0 9.3
Basic Price Index for Domestic Supply 108.9 0.6 5.0
Basic Price Index for Domestic Supply, incl. taxes 112.2 0.5 4.8

Producer Price Indices 1949=100, September 2017

  Index Monthly change, % Annual change, %
Production Price Index 1941 0.5 4.0
Export Price Index 1681 0.9 4.7
Import Price Index 1582 1.0 9.3
Wholesale Price Index 2257 0.5 4.8

Source: Producer Price Index 2017, September. Statistics Finland

Inquiries: Anni Huuskonen 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 24.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. September 2017. Helsinki: Statistics Finland [referred: 21.11.2017].
Access method: http://www.stat.fi/til/thi/2017/09/thi_2017_09_2017-10-24_tie_001_en.html

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