Published: 24 October 2019

Producer prices for manufactured products fell by 0.6 per cent from September last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.6 per cent from September 2018 to September 2019. The producer prices for manufactured products sold on the domestic market remained unchanged, on average, while the producer prices of export products fell by 1.3 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–9/2019

Producer Price Index (PPI) 2015=100, 1/2015–9/2019
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products and pulp from September 2018.

The export price index fell by 1.2 per cent and the import price index by 2.6 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.4 per cent. The Basic Price Index for Domestic Supply including taxes fell by 0.2 per cent.

The fall in the export price index was particularly caused by reductions in the prices of oil products, pulp and iron, steel and ferro-alloys from September 2018. The fall in the import price index was, in turn, especially caused by lower prices of oil products and waste.

From August to September, producer prices for manufactured goods went up by 0.5 per cent. Producer prices increased particularly due to higher prices of oil products compared to the previous month.

Producer Price Indices 2015=100, September 2019

  Index Monthly change, % Annual change, %
Producer Price Index, total 106.3 0.5 -0.6
- Producer Price Index, domestic goods 105.7 0.1 0.0
- Producer Price Index, export goods 107.0 1.0 -1.3
Export Price Index 106.7 0.9 -1.2
Import Price Index 108.4 0.7 -2.6
Basic Price Index for Domestic Supply 107.7 0.2 -0.4
Basic Price Index for Domestic Supply, incl. taxes 107.7 0.2 -0.2

Producer Price Indices 1949=100, September 2019

  Index Monthly change, % Annual change, %
Production Price Index 2045 0.5 -0.6
Export Price Index 1772 0.9 -1.2
Import Price Index 1662 0.7 -2.6
Wholesale Price Index 2385 0.2 -0.2

Source: Producer Price Index 2019, September. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, thi.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 [e-publication].
ISSN=1799-3695. September 2019. Helsinki: Statistics Finland [referred: 18.11.2019].
Access method: http://www.stat.fi/til/thi/2019/09/thi_2019_09_2019-10-24_tie_001_en.html