Producer price indices 2022, August
According to Statistics Finland, producer prices for manufactured products rose by an average of 27.0 per cent from August 2021 to August 2022. The producer prices for manufactured products sold on the domestic market rose by 26.7 per cent, while the producer prices of export products went up by 27.1 per cent.
The time series of producer price indices were corrected on 23 December 2022. The correction concerns some product categories and total indices of the producer price index for manufactured products and export price index from 01/2022-10/2022, as well as the total index of the basic price index for domestic supply, including taxes from 01/2021-10/2022. The data of the import price index and the basic price index for domestic supply remain unchanged.
Read more about the correctionThe rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, electricity, paper and paper products from last year's August.
The export price index rose by 26.9 per cent and the import price index by 33.1 per cent in a year. The basic price index for domestic supply went up by 25.2 per cent. The basic price index for domestic supply including taxes rose by 22.4 per cent.
The rise in the export price index was especially due to higher prices of oil products, paper and paper products, chemicals and chemical products from last year’s August. The rise in the import price index was especially caused by higher prices of crude oil, electricity, chemicals and chemical products.
From July to August, producer prices for manufactured products fell by 0.1 per cent. Producer prices were particularly depressed by the drop in the prices of oil products compared with the previous month. The fall in prices was particularly curbed by risen prices of electricity.
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