A more recent publication of this set of statistics is available.

Latest publication: Producer price indices 2019, November

Published: 24 August 2016

Producer prices for manufactured products fell by 3.8 per cent from July last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 3.8 per cent from July 2015 to July 2016. The producer prices for manufactured products sold on the domestic market went down by 3.1 per cent, while the producer prices of export products fell by 4.8 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–7/2016

Producer Price Index (PPI) 2010=100, 1/2010–7/2016
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from July 2015. The fall in producer prices was slowed down especially by higher prices of electricity and paper and paper board products.

The export price index fell by 4.8 per cent and the import price index by 5.0 per cent in the year. The Basic Price Index for Domestic Supply went down by 2.4 per cent. The Basic Price Index for Domestic Supply including taxes fell by 1.8 per cent.

Export prices were in particular depressed by the falling prices of oil products and manufacturing of basic metals from July 2015. The fall in prices was slowed down especially by higher prices of paper and paper board products. The fall in import prices was in turn especially caused by lower prices of oil products and chemicals and chemical products compared with the previous year's July. The fall in prices was slowed down, in particular, by higher prices of electricity.

From June to July, producer prices for manufactured products fell by 0.3 per cent. The drop was mainly due to lower prices of oil products from the previous month.

Producer Price Indices 2010=100, July 2016

  Index Monthly change, % Annual change, %
Producer Price Index, total 100.8 -0.3 -3.8
- Producer Price Index, domestic goods 103.4 -0.2 -3.1
- Producer Price Index, export goods 97.6 -0.5 -4.8
Export Price Index 97.7 -0.5 -4.8
Import Price Index 96.4 -0.3 -5.0
Basic Price Index for Domestic Supply 103.2 -0.1 -2.4
Basic Price Index for Domestic Supply, incl. taxes 106.7 -0.1 -1.8

Producer Price Indices 1949=100, July 2016

  Index Monthly change, % Annual change, %
Production Price Index 1858 -0.3 -3.8
Export Price Index 1595 -0.5 -4.8
Import Price Index 1439 -0.3 -5.0
Wholesale Price Index 2147 -0.1 -1.8

Source: Producer Price Index 2016, July. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Anna-Riikka Pitkänen 029 551 3466, Jenna Lackbergh 029 551 3578, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.8.2016

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. July 2016. Helsinki: Statistics Finland [referred: 24.1.2020].
Access method: http://www.stat.fi/til/thi/2016/07/thi_2016_07_2016-08-24_tie_001_en.html