A more recent publication of this set of statistics is available.

Latest publication: Producer price indices 2019, July

Published: 24 June 2019

Producer prices for manufactured products grew by 0.9 per cent from May last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 0.9 per cent from May 2018 to May 2019. Producer prices for manufactured products sold on the domestic market rose by 1.8 per cent, while the producer prices of export products went down by 0.2 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–5/2019

Producer Price Index (PPI) 2015=100, 1/2015–5/2019
The increase in the producer prices for manufactured goods was particularly attributable to risen prices of electricity, and pulp, paper, paperboard and cardboard from May 2018. The rising of prices was curbed particularly by fallen prices of iron and steel.

The export price index fell by 0.1 per cent and the import price index by 0.7 per cent in the year. The Basic Price Index for Domestic Supply went up by 1.4 per cent. The Basic Price Index for Domestic Supply including Taxes went up by 1.5 per cent.

Export prices were, in particular, depressed by the falling prices of iron and steel, and oil products. The fall in export prices was slowed down particularly by the higher prices of pulp, paper, paperboard and cardboard compared with May 2018. The fall in import prices was, in turn, especially caused by lower prices of waste and basic metals.

From April to May, producer prices for manufactured products rose by 0.1 per cent. Producer prices were particularly boosted by the increase in oil prices compared with the previous month.

Producer Price Indices 2015=100, May 2019

  Index Monthly change, % Annual change, %
Producer Price Index, total 106.5 0.1 0.9
- Producer Price Index, domestic goods 105.6 -0.2 1.8
- Producer Price Index, export goods 107.6 0.3 -0.2
Export Price Index 107.3 0.4 -0.1
Import Price Index 109.5 -0.1 -0.7
Basic Price Index for Domestic Supply 108.1 0.0 1.4
Basic Price Index for Domestic Supply, incl. taxes 108.0 0.0 1.5

Producer Price Indices 1949=100, May 2019

  Index Monthly change, % Annual change, %
Production Price Index 2049 0.1 0.9
Export Price Index 1782 0.4 -0.1
Import Price Index 1679 -0.1 -0.7
Wholesale Price Index 2391 0.0 1.5

Reviews to the calculation of the Producer Price Index

The calculation of the Producer Price Index is reviewed starting from the Index for January 2019 so that the indices are annual chain-linked indices.

In practice, the shift to the chain-linked index method means that the weight structure of the Producer Price Index will in future be updated every year. The new weight structure will take effect starting from the Index for January of each year. In addition to the weight structure, product categories and the enterprise sample can also be updated annually, if needed. The base year of the Index remains unchanged (2015=100).

In future, the index calculation will be made so that each index series is chained forward with changes in the Index calculated according to the new weight structure. A more detailed description of the calculation method is available in the updated Producer Price Index for Manufactured Products and Producer Price Indices for Services 2015=100 Handbook for Users to be published in spring.

These changes improve the quality of the Index, because with their help, structural changes in production, exports and imports can be taken into account faster in future.


Source: Producer Price Index 2019, May. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, Anniina Korhonen 029 551 3083, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.6.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2019. Helsinki: Statistics Finland [referred: 16.9.2019].
Access method: http://www.stat.fi/til/thi/2019/05/thi_2019_05_2019-06-24_tie_001_en.html