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Latest publication: Producer price indices 2022, February

Published: 26 July 2021

Producer prices for manufactured products grew by 11.0 per cent from June last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 11.0 per cent from June 2020 to June 2021. Producer prices for manufactured products sold on the domestic market rose by 10.4 per cent, while the producer prices of export products went up by 11.7 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–6/2021

Producer Price Index (PPI) 2015=100, 1/2015–6/2021
The rise in the producer prices for manufactured products was particularly caused by increased prices of oil products and basic metals from last year’s June.

The export price index rose by 11.8 per cent and the import price index by 12.6 per cent in the year. The basic price index for domestic supply went up by 8.8 per cent. The basic price index for domestic supply including taxes rose by 8.0 per cent.

The rise in the export price index was especially caused by higher prices of oil products, basic metals, chemicals and chemical products from last year’s June. The rise in the import price index was, in turn, especially caused by higher prices of crude oil, chemicals and chemical products, as well as basic metals.

From May to June, producer prices for manufactured products rose by 1.6 per cent. Producer prices were particularly boosted by the risen prices of electricity and oil products compared with the previous month.

Producer Price Indices 2015=100, June 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 111.7 1.6 11.0
- Producer Price Index, domestic goods 111.6 1.6 10.4
- Producer Price Index, export goods 112.0 1.6 11.7
Export Price Index 111.9 1.7 11.8
Import Price Index 113.4 2.0 12.6
Basic Price Index for Domestic Supply 112.3 1.3 8.8
Basic Price Index for Domestic Supply, incl. taxes 111.7 1.1 8.0

Producer Price Indices 1949=100, June 2021

  Index Monthly change, % Annual change, %
Production Price Index 2150 1.6 11.0
Export Price Index 1857 1.7 11.8
Import Price Index 1739 2.0 12.6
Wholesale Price Index 2472 1.1 8.0

Source: Producer Price Index 2021, June. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Ville Auno 029 551 3023, Leevi Ahonen 029 551 3760, thi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 26.07.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. June 2021. Helsinki: Statistics Finland [referred: 26.6.2022].
Access method: http://www.stat.fi/til/thi/2021/06/thi_2021_06_2021-07-26_tie_001_en.html