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Producer prices for manufactured products rose by 18.8 per cent in November 2022 year-on-year

release | Producer price indices 2022, November

Correction

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 correction

According to Statistics Finland, producer prices for manufactured products rose by an average of 18.8 per cent from November 2021 to November 2022. The producer prices of manufactured products sold on the domestic market rose by 19.9 per cent, while the producer prices of export products went up by 17.6 per cent.

Key selections

  • Producer prices for manufactured products rose by an average of 18.8 per cent from November 2021 to November 2022.
  • The rise in the producer prices for manufactured products was especially due to higher prices of oil products, electricity, paper and paper products compared to last year’s November.
  • The export price index rose by 17.4 per cent and the import price index by 18.5 per cent in a year.
  • The basic price index for domestic supply went up by 17.3 per cent. The basic price index for domestic supply including taxes rose by 17.7 per cent.

Product groups affecting the rise in prices

The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, electricity, paper and paper products compared to last year's November.

The export price index rose by 17.4 per cent and the import price index by 18.5 per cent in a year. The basic price index for domestic supply went up by 17.3 per cent. The basic price index for domestic supply including taxes rose by 17.7 per cent.

The rise in the export price index was especially due to higher prices of paper and paper products, oil products and chemicals and chemical products compared to last year’s November. The rise in the import price index was, in turn, especially caused by higher prices of chemicals and chemical products, electricity and crude oil.

From October to November, producer prices for manufactured products went down by 0.8 per cent. Producer prices fell especially due to fallen prices of oil products compared with the previous month. The fall in prices was curbed particularly by higher price of electricity.

Tables

See key statistical data in the tables.

Producer price index for manufactured products 2015=100, 2022M11, Products by activity (CPA 2015, MIG)

Export price index 2015=100, 2022M11, Products by activity (CPA 2015, MIG)

Import price index 2015=100, 2022M11, Products by activity (CPA 2015, MIG)

Basic price index for domestic supply 2015=100, 2022M11, Products by activity (CPA 2015, MIG)

Basic price index for domestic supply, including taxes 2015=100, 2022M11, Products by activity (CPA 2015, MIG)

Producer price indices 1949=100, 2022M11, Industry (ISIC, SITC)

Basic price index for domestic supply E40 2000=100, 2022M11, (NACE-TOL 2002)

Wood pellet, consumer price 2015=100, 2022M11

Database tables

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Updated database tables
Classifications used:
  • Products by activity (CPA 2015, MIG)
  • Index series
Period:
month
Updated:
Classifications used:
  • Index series
  • Industry (NACE, MIG)
Period:
month
Updated:
Classifications used:
  • Index series
  • Industry (NACE, MIG)
Period:
month
Updated:
Classifications used:
  • Industry (ISIC, SITC)
  • Index series
Period:
month
Updated:

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Anna-Riikka Pitkänen
Senior Statistician
029 551 3466
Head of Department in charge