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Prices and consumption

Producer prices for manufactured products rose by 22.3 per cent in October 2022 year-on-year

Statistics:
Reference period:
2022, October
Published:
Next release:
Publication type:
release

According to Statistics Finland, producer prices for manufactured products rose by an average of 22.3 per cent from October 2021 to October 2022. The producer prices of manufactured products sold on the domestic market rose by 21.1 per cent, while the producer prices of export products went up by 23.4 per cent.

Key points

  • Producer prices for manufactured products rose by an average of 22.3 per cent from October 2021 to October 2022.
  • The rise in the producer prices for manufactured products was especially due to higher prices of oil products, paper and paper products and chemicals and chemical products compared to last year’s October.
  • The export price index rose by 23.2 per cent and the import price index by 21.2 per cent in a year.
  • The basic price index for domestic supply went up by 18.7 per cent. The basic price index for domestic supply including taxes rose by 16.8 per cent.

Product groups affecting the rise in prices

The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, paper and paper products and chemicals and chemical products compared to last year's October.

The export price index rose by 23.2 per cent and the import price index by 21.2 per cent in a year. The basic price index for domestic supply went up by 18.7 per cent. The basic price index for domestic supply including taxes rose by 16.8 per cent.

The rise in the export price index was especially due to higher prices of oil products, paper and paper products and chemicals and chemical products compared to last year’s October. The rise in the import price index was, in turn, especially caused by higher prices of crude oil, oil products and chemicals and chemical products.

From September to October, producer prices for manufactured products went up by 0.1 per cent. Producer prices were boosted particularly due to higher prices of oil products compared with the previous month. The rising in prices was curbed particularly by fallen prices of electricity.

Tables

See key statistical data in the tables.
24.11.2022

Producer price index for manufactured products 2015=100, 2022M10, Products by activity (CPA 2015, MIG)

24.11.2022

Export price index 2015=100, 2022M10, Products by activity (CPA 2015, MIG)

24.11.2022

Import price index 2015=100, 2022M10, Products by activity (CPA 2015, MIG)

24.11.2022

Basic price index for domestic supply 2015=100, 2022M10, Products by activity (CPA 2015, MIG)

24.11.2022

Basic price index for domestic supply, including taxes 2015=100, 2022M10, Products by activity (CPA 2015, MIG)

Database tables

Database tables related to this release

Updated database tables
Classifications used:
  • Products by activity (CPA 2015, MIG)
  • Index series
Updated:
Classifications used:
  • Index series
  • Industry (NACE, MIG)
Updated:
Classifications used:
  • Index series
  • Industry (NACE, MIG)
Updated:
Classifications used:
  • Industry (ISIC, SITC)
  • Index series
Updated:

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