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

Latest publication: Producer price indices 2019, November

Published: 24 July 2019

Producer prices for manufactured products fell by 0.9 per cent from June last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.9 per cent from June 2018 to June 2019. The producer prices for manufactured products sold on the domestic market went down by 0.3 per cent, while the producer prices of export products fell by 1.6 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–6/2019

Producer Price Index (PPI) 2015=100, 1/2015–6/2019
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, electricity and basic metals from June 2018.

The export price index fell by 1.5 per cent and the import price index by 2.6 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.1 per cent. The Basic Price Index for Domestic Supply including taxes fell by 0.2 per cent.

Export prices were in particular depressed by the falling prices of oil products and basic metals from June 2018. The fall in import prices was, in turn, especially caused by lower prices of oil products, waste and basic metals.

From May to June, producer prices for manufactured products fell by 1.1 per cent. Producer prices were particularly depressed by the drop in the prices of oil products and electricity compared with the previous month.

Producer Price Indices 2015=100, June 2019

  Index Monthly change, % Annual change, %
Producer Price Index, total 105.3 -1.1 -0.9
- Producer Price Index, domestic goods 104.4 -1.2 -0.3
- Producer Price Index, export goods 106.4 -1.0 -1.6
Export Price Index 106.2 -1.1 -1.5
Import Price Index 107.8 -1.6 -2.6
Basic Price Index for Domestic Supply 107.1 -1.0 -0.1
Basic Price Index for Domestic Supply, incl. taxes 106.9 -1.1 -0.2

Producer Price Indices 1949=100, June 2019

  Index Monthly change, % Annual change, %
Production Price Index 2027 -1.1 -0.9
Export Price Index 1763 -1.1 -1.5
Import Price Index 1653 -1.6 -2.6
Wholesale Price Index 2366 -1.1 -0.2

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 autumn.

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, June. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, Anniina Korhonen 029 551 3083, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.7.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. June 2019. Helsinki: Statistics Finland [referred: 18.1.2020].
Access method: http://www.stat.fi/til/thi/2019/06/thi_2019_06_2019-07-24_tie_001_en.html