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Published: 24 January 2020

Producer prices for services grew by 1.4 per cent year-on-year in October to December

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.4 per cent in the fourth quarter of 2019. Compared to the previous quarter, producer prices for services remained, on average, unchanged.

Producer Price Indices for Services 2015=100, I/2015–IV/2019

Producer Price Indices for Services 2015=100, I/2015–IV/2019

Producer prices for services were pushed up particularly by higher prices of rents of dwellings and human health services from one year ago. The price increase was also affected by higher prices of food services and business and management consulting services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as warehousing and storage services, for example.

Producer prices for services for enterprises and the public sector (Business to Business, BtoB) were boosted in particular by higher prices of freight transport by road and business and management consulting services from one year ago. The rise was held back by fallen prices of renting services of machinery and equipment, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of rents of dwellings and human health services from one year ago. The rise was held back by, for example, lower prices of renting services of passenger cars.

Producer Price Indices for Services 2015=100, total (BtoAll), 4th quarter 2019

Services by activity Point figure Quarterly change,% Annual change,%
TOTAL INDEX 105.5 0.0 1.4
H TRANSPORTATION AND STORAGE SERVICES 105.1 -0.1 1.0
I ACCOMMODATION AND FOOD SERVICES 109.1 -0.2 2.0
J INFORMATION AND COMMUNICATION SERVICES 105.1 0.1 1.1
L REAL ESTATE SERVICES 106.4 0.3 1.6
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 105.7 0.3 1.6
N ADMINISTRATIVE AND SUPPORT SERVICES 100.1 -0.7 0.1
P EDUCATION SERVICES 106.8 0.5 1.3
Q HUMAN HEALTH AND SOCIAL WORK SERVICES 109.5 0.0 3.4
R ARTS, ENTERTAINMENT AND RECREATION SERVICES 105.4 0.4 2.0
S OTHER SERVICES 105.2 0.3 1.4

Producer Price Indices for Services currently cover about 60 per cent of the market services.


Source: Producer Price Indices for Services 2019, 4th quarter. Statistics Finland

Inquiries: Ville Markkanen 029 551 3023, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.01.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2019. Helsinki: Statistics Finland [referred: 15.4.2024].
Access method: http://www.stat.fi/til/pthi/2019/04/pthi_2019_04_2020-01-24_tie_001_en.html