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Agriculture, forestry and fisheryPrices and consumption

Purchase prices of the means of agricultural production took a downward turn in the second quarter of 2023

release | Index of purchase prices of the means of agricultural production 2023, 2nd quarter

Statistics Finland reports that the purchase prices of the means of agricultural production decreased by nearly 6 % in the second quarter of 2023 compared with the previous year’s corresponding period. The prices of goods and services consumed in agriculture were a tenth lower than a year ago. On the other hand, goods and services contributing to agricultural investment were 8 % more expensive. The index remained high. Agricultural input prices increased by a third compared with the base year 2015, whereas the general inflation for the same period totalled 20 %.

Key selections

  • Prices of fertilizers decreased by 39% during the second quarter of 2023 compared with the previous year’s corresponding period.
  • The price of energy decreased by 12% during the second quarter of 2023 compared with the previous year’s corresponding period.
  • Prices of animal feeding stuffs decreased by 5% during the second quarter of 2023 compared with the previous year’s corresponding period.
  • Prices of goods and services contributing to agricultural investment increased by 8% during the second quarter of 2023 compared with the previous year’s corresponding period.

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Updated database tables
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Updated:
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Updated:
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Updated:
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Updated:

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Marianne Rautelin
Senior Statistician
029 551 3421
Head of Department in charge