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Press release 17.2.2005

Producer price indices in January 2005

According to Statistics Finland, producer price indices rose by between 0.6 and 4.5 per cent in the year to January. The biggest increase of 4.5 per cent was recorded in import prices. Import price index was particularly raised by higher prices of crude oil, processed metals and basic chemicals. Export prices increased by 1.1 per cent from January 2004. Risen prices of oil products and basic chemicals had the most impact on the rise.

From December to January producer price indices rose by 0.5 to 1.6 per cent. Import prices rose most, especially due to higher price of crude oil. Export prices rose by 0.8 per cent in January. The rise was mainly due to higher prices of oil products, pulp, paper and paperboard, and basic chemicals.

Month-on-month and year-on-year changes in Producer Price Indices in January 2005

Point figure
12/2004 - 01/2005
01/2004 - 01/2005
Producer price index for manufactured products, total 93.3 0.5 0.6
Export price index 86.9 0.8 1.1
Import price index 98.4 1.6 4.5
Basic price index for domestic supply 100.8 0.6 2.0
Wholesale price index 98.9 0.7 1.2

Source: Producer Price Indices 2005, January. Statistics Finland

Inquiries: Mr Jari Harjunpšš +358 9 1734 3472, Mr Anssi Vuorio +358 9 1734 2934,