Prices of agricultural production inputs continued rising in the last quarter of 2022

release 06/02/2023 | Index of purchase prices of the means of agricultural production 2022, 4th quarter

According to Statistics Finland, the purchase prices of the means of agricultural production rose by 23 per cent in the last quarter of 2022. Agricultural production commodities and services cost 28 per cent more and investments 10 per cent more than one year ago. The 46 per cent rise in the prices of energy and fertilisers and the 35 per cent increase in the prices of fodder had the biggest impact.

Index of purchase prices of the means of agricultural production, 2022Q4

	Index of Purchase Prices of the Means of Agricultural Production (2015=100)	Index of Purchase Prices of the Means of Agricultural Production quarterly change (2015=100)	Index of Purchase Prices of the Means of Agricultural Production Yearly change (2015=100)
GOODS AND SERVICES CURRENTLY CONSUMED IN AGRICULTURE (INPUT1)	160.9	5.2	28.2
GOODS AND SERVICES CONTRIBUTING TO AGRICULTURAL INVESTMENT (INPUT2)	127.3	1.8	9.8
INPUT TOTAL (INPUT1 + INPUT2)	151.1	4.3	23.1

Key selections

The index of purchase prices of the means of agricultural production rose by 23 per cent in the last quarter of 2022 compared to one year ago.
The prices of fertilisers rose by 46 per cent in the last quarter of 2022 from the previous year.
The price of energy went up by 46 per cent in the last quarter of 2022 compared to one year ago.
The prices of animal fodder rose by 35 per cent in the last quarter of 2022 from one year ago.
The prices of agricultural investments rose by 10 per cent in the last quarter of 2022 from the previous year.

Statistics used in the release

Index of purchase prices of the means of agricultural production

Figures

See key statistical data in the figures.

06.02.2022

Index of purchase prices of the means of agricultural production (2015=100) 2015M01-2022M12

Tables

See key statistical data in the tables.

06.02.2022

Index of purchase prices of the means of agricultural production, 2022Q4

	Index of purchase prices of the means of agricultural production (2015=100), [FIRST]	Index of purchase prices of the means of agricultural production, quarterly change (2015=100)	Index of purchase prices of the means of agricultural production, yearly change (2015=100)
200000 GOODS AND SERVICES CURRENTLY CONSUMED IN AGRICULTURE (INPUT1)	160.9	5.2	28.2
201000 SEEDS AND PLANTING STOCK	114.9	-1.9	6.1
202000 ENERGY, LUBRICANTS	192.8	7.7	45.8
202100 Electricity	192.2	25.6	46.0
202200 Fuels for heating	197.4	0.6	52.1
202300 Motor fuels	196.6	-0.5	45.0
202400 Lubricants	125.5	11.3	15.2
203000 FERTILISERS AND SOIL IMPROVERS	251.2	17.1	45.6
203100 Straight fertilizers	292.3	21.6	47.9
203200 Compound fertilizers	252.3	16.7	46.6
204000 PLANT PROTECTION PRODUCTS AND PESTICIDES	113.1	3.5	12.9
205000 VETERINARY EXPENSES	107.3	0.9	0.9
206000 ANIMAL FEEDINGSTUFFS	163.7	-0.5	34.8
206100 Straight feeding stuffs	222.1	-6.2	24.5
206200 Compound feeding stuffs	160.6	-0.1	35.6
207000 MAINTENANCE OF MATERIALS	113.8	1.4	6.0
208000 MAINTENANCE OF BUILDINGS	135.6	-0.4	5.9
209000 OTHER GOODS AND SERVICES	119.0	0.9	8.8
210000 GOODS AND SERVICES CONTRIBUTING TO AGRICULTURAL INVESTMENT (INPUT2)	127.3	1.8	9.8
211000 MATERIALS	130.9	2.8	12.1
211100 MACHINERY AND OTHER EQUIPMENT	130.6	4.6	13.4
211200 TRANSPORT EQUIPMENT	131.2	1.1	11.0
212000 BUILDINGS	122.1	0.2	5.9
219000 OTHER	123.8	2.2	14.2
220000 INPUT TOTAL (INPUT1 + INPUT2)	151.1	4.3	23.1