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

Latest publication: Producer price indices 2019, May

Published: 24 April 2019

Producer prices for manufactured products grew by 2.3 per cent from March last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 2.3 per cent from March 2018 to March 2019. Producer prices for manufactured products sold on the domestic market rose by 2.7 per cent, while the producer prices of export products went up by 1.8 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–3/2019

Producer Price Index (PPI) 2015=100, 1/2015–3/2019
The rise in the producer prices for manufactured products was particularly caused by increased prices of pulp, paper, paperboard and cardboard, oil products and electricity from March 2018.

The Export Price Index rose by 1.8 per cent and the Import Price Index by 1.8 per cent in the year. The Basic Price Index for Domestic Supply went up by 2.7 per cent. The Basic Price Index for Domestic Supply including Taxes went up by 2.6 per cent.

Export prices were, in particular, boosted by the higher prices of pulp, paper, paperboard and cardboard, oil products, as well as chemicals and chemical products from March 2018. The rise in import prices was, in turn, especially caused by higher prices of oil products and chemicals and chemical products from last year’s March.

From February to March, producer prices for manufactured products remained unchanged, on average. Producer prices were, in particular, boosted by higher prices of oil products compared to the previous month. The rise of prices was, in turn, curbed particularly by fallen prices of electricity and pulp, paper, paperboard and cardboard.

Producer Price Indices 2015=100, March 2019

  Index Monthly change, % Annual change, %
Producer Price Index, total 106.3 0.0 2.3
- Producer Price Index, domestic goods 105.8 -0.3 2.7
- Producer Price Index, export goods 106.9 0.2 1.8
Export Price Index 106.6 0.2 1.8
Import Price Index 108.6 0.2 1.8
Basic Price Index for Domestic Supply 107.6 0.0 2.7
Basic Price Index for Domestic Supply, incl. taxes 107.5 -0.1 2.6

Producer Price Indices 1949=100, March 2019

  Index Monthly change, % Annual change, %
Production Price Index 2045 0.0 2.3
Export Price Index 1769 0.2 1.8
Import Price Index 1665 0.2 1.8
Wholesale Price Index 2380 -0.1 2.6

Reviews to the calculation of the Producer Price Index

The calculation of the Producer Price Index is reviewed starting from the Index for January 2019 so that the indices are annual chain-linked indices.

In practice, the shift to the chain-linked index method means that the weight structure of the Producer Price Index will in future be updated every year. The new weight structure will take effect starting from the Index for January of each year. In addition to the weight structure, product categories and the enterprise sample can also be updated annually, if needed. The base year of the Index remains unchanged (2015=100).

In future, the index calculation will be made so that each index series is chained forward with changes in the Index calculated according to the new weight structure. A more detailed description of the calculation method is available in the updated Producer Price Index for Manufactured Products and Producer Price Indices for Services 2015=100 Handbook for Users to be published in spring.

These changes improve the quality of the Index, because with their help, structural changes in production, exports and imports can be taken into account faster in future.


Source: Producer Price Index 2019, March. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

Publication in pdf-format (387.8 kB)

Tables

Tables in databases

Appendix tables

Quality descriptions

Updated 24.4.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. March 2019. Helsinki: Statistics Finland [referred: 27.6.2019].
Access method: http://www.stat.fi/til/thi/2019/03/thi_2019_03_2019-04-24_tie_001_en.html