Changes in the producer price indices for services statistics
Date of change:Statistcs: producer price indices for services
Information about the change
The statistics are renewed in connection with the publication of data for 2024, when the reference period, the base year, is updated from 2015 to 2021. The new base year is defined in Regulation (No 2019/2152) of the European Parliament and of the Council on European business statistics and it concerns short-term business statistics of all Member States.
Changing the base year and the changes made in connection with it have an effect on several statistics on short-term business trends published by Statistics Finland. Further information about the renewal can be found in a joint release.
The indices of the base years 2015=100, 2010=100 and 2005=100 will be calculated forward by chaining with the changes of the latest base year, so they will in future develop in the same way as the base year 2021=100 indices.
Producer price indices for services are chain indices, so their sample and weight structure are updated annually. In the first quarter of 2024, the weight structure of the producer price indices for services is updated to correspond to the structure of the economy in 2023. Further information about the weight structure update can be found starting from 24 April 2024 under comparability in the documentation section of the producer price indices for services’ web pages.
In connection with the renewal, the content of producer price indices for services will expand: starting from 2024, categories 87 Residential care services and 88 Social work services without accommodation in the CPA 2015 product classification will be published as new index series.