Home > Statistics > Producer price indices for services > 2020 > 3rd quarter > Producer prices for services grew by 0.4 per cent year-on-year in July to September

Published: 26 October 2020

Producer prices for services grew by 0.4 per cent year-on-year in July to September

According to Statistics Finland, the annual change in the Producer Price Index for Services was 0.4 per cent in the third quarter of 2020. Compared to the previous quarter, producer prices for services rose by 0.1 per cent.

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

Producer prices for services were pushed up particularly by higher prices of support services for transportation together with human health services from one year ago. The price increase was also affected by higher prices of rents of dwellings and food 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 support services for transportation 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), 3rd quarter 2020

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	106.0	0.1	0.4
H TRANSPORTATION AND STORAGE SERVICES	106.2	-0.3	1.0
I ACCOMMODATION AND FOOD SERVICES	108.2	0.4	-1.1
J INFORMATION AND COMMUNICATION SERVICES	103.6	-0.3	-1.3
L REAL ESTATE SERVICES	107.0	0.2	0.9
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	105.4	-0.2	0.0
N ADMINISTRATIVE AND SUPPORT SERVICES	101.7	1.6	0.9
P EDUCATION SERVICES	106.2	0.3	0.0
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	113.6	0.0	3.8
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	105.0	-1.1	0.0
S OTHER SERVICES	107.0	0.4	1.9

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

Source: Producer Price Indices for Services 2020, 3rd quarter. Statistics Finland

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

Head of Department in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Producer Price Indices for Services 2015=100, total (BtoAll), 3rd quarter 2020 (26.10.2020)
• Appendix table 2. Producer Price Indices for Services 2015=100, services to enterprises and public sector (BtoB), 3rd quarter 2020 (26.10.2020)
• Appendix table 3. Producer Price Indices for Services 2015=100, services to households (BtoC), 3rd quarter 2020 (26.10.2020)
• Appendix table 4. Producer Price Indices for Services 2010=100, services to enterprises and public sector (BtoB), 3rd quarter 2020 (26.10.2020)

Quality descriptions

• Quality Description of Producer Price Index for Services (26.10.2020)

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Updated 26.10.2020