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Producer prices for services grew by 5.6 per cent year-on-year in October to December 2022

release | Producer price indices for services 2022, 4th quarter

According to Statistics Finland, the annual change in the producer price index for services was 5.6 per cent in the fourth quarter of 2022. Compared to the previous quarter, producer prices for services rose by 0.2 per cent.

Key selections

  • Producer prices for services in total (BtoAll) rose by 5.6 per cent year-on-year and by 0.2 per cent from the previous quarter.
  • Producer prices of services for enterprises and the public sector (BtoB) went up by 6.1 per cent year-on-year and by 0.1 per cent from the previous quarter.
  • Producer prices of services for households (BtoC) increased by 4.1 per cent year-on-year and by 0.6 per cent from the previous quarter.

Increased prices of transport services still reflect to producer price indices for services

Compared to Q4 of 2022, the rise in producer price indices for services in total (Business to All, BtoAll) was particularly caused by higher prices of land transport services and transport services via pipelines as well as rental and operating services of own or leased real estate. The increase in prices was curbed by lower prices of business and other management consulting services and telecommunications services.

The annual change in prices of services for enterprises and the public sector (Business to Business, BtoB) was driven by the same service groups as in producer price indices in total (BtoAll).

Prices of services sold to households (Business to Consumers, BtoC) were increased particularly by higher prices of food and beverage serving services compared to previous year’s Q4. The increase was curbed especially by lower prices of rental and leasing services of cars and light motor vehicles.

Producer price indices for services currently covers about 60 % of market services.

Tables

See key statistical data in the tables.

Producer price indices for services 2015=100, total (BtoAll), 2022Q4, services by activity (CPA 2015)

Producer price indices for services 2015=100, services to enterprises and public sector (BtoB), 2022Q4, services by activity (CPA 2015)

Producer price indices for services 2015=100, services to households (BtoC), 2022Q4, services by activity (CPA 2015)

Producer price indices for services 2010=100, services to enterprises and public sector (BtoB), 2022Q4, industry (TOL 2008)

Database tables

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Updated database tables
Classifications used:
  • Products by activity (CPA 2015)
  • Destination of service
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Classifications used:
  • Industry
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Classifications used:
  • Industry
Period:
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Classifications used:
  • Destination of service
  • Products by activity (CPA 2015)
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Statistical experts

Inquiries primarily
Siiri Pesonen
Senior Statistician
029 551 3819
Head of Department in charge