Producer price indices 2022, October
According to Statistics Finland, producer prices for manufactured products rose by an average of 22.3 per cent from October 2021 to October 2022. The producer prices of manufactured products sold on the domestic market rose by 21.1 per cent, while the producer prices of export products went up by 23.4 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, paper and paper products and chemicals and chemical products compared to last year's October.
The export price index rose by 23.2 per cent and the import price index by 21.2 per cent in a year. The basic price index for domestic supply went up by 18.7 per cent. The basic price index for domestic supply including taxes rose by 16.8 per cent.
The rise in the export price index was especially due to higher prices of oil products, paper and paper products and chemicals and chemical products compared to last year’s October. The rise in the import price index was, in turn, especially caused by higher prices of crude oil, oil products and chemicals and chemical products.
From September to October, producer prices for manufactured products went up by 0.1 per cent. Producer prices were boosted particularly due to higher prices of oil products compared with the previous month. The rising in prices was curbed particularly by fallen prices of electricity.
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