Published: 24 July 2020

Producer prices for services grew by 0.6 per cent year-on-year in April to June

According to Statistics Finland, the annual change in the Producer Price Index for Services was 0.6 per cent in the second quarter of 2020. Compared to the previous quarter, producer prices for services went down by 0.1 per cent.

Producer Price Indices for Services 2015=100, I/2015–II/2020

Producer Price Indices for Services 2015=100, I/2015–II/2020

Producer prices for services were pushed up particularly by higher prices of rents of dwellings together with transportation and storage services from one year ago. The price increase was also affected by higher prices of food services and human health services. The rise in the prices was held back by fallen prices of telecommunications, as well as accommodation 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 transportation and storage services from one year ago. The rise was held back by fallen prices of telecommunications, 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 accommodation services.

Producer Price Indices for Services 2015=100, total (BtoAll), 2nd quarter 2020

Services by activity Point figure Quarterly change,% Annual change,%
TOTAL INDEX 105.9 -0.1 0.6
H TRANSPORTATION AND STORAGE SERVICES 106.5 1.2 1.3
I ACCOMMODATION AND FOOD SERVICES 107.7 -1.4 -0.7
J INFORMATION AND COMMUNICATION SERVICES 103.9 -1.0 -0.8
L REAL ESTATE SERVICES 106.7 0.1 1.0
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 105.6 -0.2 0.2
N ADMINISTRATIVE AND SUPPORT SERVICES 100.2 0.0 0.2
P EDUCATION SERVICES 105.9 -0.1 0.2
Q HUMAN HEALTH AND SOCIAL WORK SERVICES 113.6 0.4 3.8
R ARTS, ENTERTAINMENT AND RECREATION SERVICES 106.1 -0.3 1.6
S OTHER SERVICES 106.6 0.5 1.8

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


Source: Producer Price Indices for Services 2020, 2nd quarter. Statistics Finland

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

Director in charge: Jan Nokkala

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Updated 24.07.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 2nd quarter 2020. Helsinki: Statistics Finland [referred: 4.8.2020].
Access method: http://www.stat.fi/til/pthi/2020/02/pthi_2020_02_2020-07-24_tie_001_en.html