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Producer prices for manufactured products rose by 14.5 per cent in December 2022 year-on-year

release 24/01/2023 | Producer price indices 2022, December

According to Statistics Finland, producer prices for manufactured products rose by an average of 14.5 per cent from December 2021 to December 2022. The producer prices of manufactured products sold on the domestic market rose by 15.6 per cent, while the producer prices of export products went up by 13.3 per cent.

Line chart on the development of the producer price index for manufactured products from January 2015 to December 2022. Compared with 2015, producer prices for manufactured goods have grown by 44.3 %, producer prices for products sold on the domestic market have increased by 47.7 %, and the prices of export products have increased by 40.6 %.

Key points

Producer prices for manufactured products rose by an average of 14.5 per cent from December 2021 to December 2022.
The rise in the producer prices for manufactured products was especially due to higher prices of paper and paper products, electricity and oil products compared to last year’s December.
The export price index rose by 13.2 per cent and the import price index by 15.8 per cent in a year.
The basic price index for domestic supply went up by 14.6 per cent. The basic price index for domestic supply including taxes rose by 13.4 per cent.

Product groups affecting the changes in indices

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

The export price index rose by 13.2 per cent and the import price index by 15.8 per cent in a year. The basic price index for domestic supply went up by 14.6 per cent. The basic price index for domestic supply including taxes rose by 13.4 per cent.

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

From November to December, 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.

Statistics used in the release

Producer price indices

Tables

See key statistical data in the tables.

24.01.2023

Producer price index for manufactured products 2015=100, 2022M12, Products by activity (CPA 2015, MIG)

	Point figure (2015=100)	Monthly change, %	Annual change, %
Total	144.3	-0.8	14.5
B MINING AND QUARRYING	138.6	0.3	13.6
07 Metal ores	177.6	0.3	12.6
08 Other mining and quarrying products	114.3	0.3	14.5
C MANUFACTURED PRODUCTS	138.2	-2.6	13.3
10 Food products	129.7	-0.1	21.4
11 Beverages	120.8	-1.5	10.7
13 Textiles	116.8	0.4	8.1
15 Leather and related products	110.9	-0.2	8.1
16 Wood and of products of wood and cork, except furniture; articles of straw and plaiting materials	140.3	-0.9	-2.6
17 Paper and paper products	144.1	-3.2	24.2
18 Printing and reproduction services of recorded media	111.0	1.1	22.7
20 Chemicals and chemical products	170.5	-2.6	21.9
21 Basic pharmaceutical products and pharmaceutical preparations	111.7	-0.1	2.7
22 Rubber and plastic products	138.0	1.3	17.5
23 Other non-metallic mineral products	124.1	-0.9	15.1
24 Basic metals	158.6	0.2	-0.3
25 Fabricated metal products, except machinery and equipment	150.9	-0.3	14.4
26 Computer, electronic and optical products	104.7	-0.6	11.4
27 Electrical equipment	124.2	-0.4	11.3
28 Machinery and equipment n.e.c.	121.7	0.2	11.0
29 Motor vehicles, trailers and semi-trailers	118.5	-0.3	7.5
31 Furniture	129.9	0.0	13.1
32 Other manufactured goods	109.5	-0.1	7.4
33 Repair and installation services of machinery and equipment	111.2	0.0	0.7
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING	232.7	15.4	24.5
35 Electricity, gas, steam and air conditioning	232.7	15.4	24.5
E WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION SERVICES	130.6	0.2	15.8
36 Natural water; water treatment and supply services	108.8	0.0	4.3
38 Waste collection, treatment and disposal services; materials recovery services	134.6	0.2	17.8
MIG1 Intermediate goods	146.5	-1.3	12.8
MIG2 Capital goods	121.8	0.0	8.9
MIG3 Durable consumer goods	128.7	-0.1	12.8
MIG4 Non-durable consumer goods	122.8	-0.2	16.0

Point figure is a change quantity used in price indices, which expresses the price, average price or index of the reference period relative to the price, average price or index of the base period. The index figure of the base period is usually denoted by the number hundred. For example, if the index figure of the commodity is 105.3 in a certain period, it means that the price of the commodity has risen by 5.3 per cent from the base period. Monthly change is the relative change in the index from a time period one month before. The change is usually reported in percentages. Annual change is the relative change of the index in comparison with the corresponding time period one year ago (e.g. annual change of total index of consumer prices, i.e. inflation).

24.01.2023

Export price index 2015=100, 2022M12, Products by activity (CPA 2015, MIG)

	Point figure (2015=100)	Monthly change, %	Annual change, %
Total	140.1	-2.6	13.2
A Products of agriculture, forestry and fishing	98.4	-1.0	0.8
01 Products of agriculture, hunting and related services	96.6	0.3	3.6
C MANUFACTURED PRODUCTS	139.9	-2.8	13.3
10 Food products	133.8	-2.9	22.9
11 Beverages	124.0	-1.5	19.7
13 Textiles	108.5	0.6	8.5
14 Wearing apparel	106.9	-0.2	2.1
16 Wood and of products of wood and cork, except furniture; articles of straw and plaiting materials	135.6	-1.7	-10.6
17 Paper and paper products	145.7	-3.8	23.5
20 Chemicals and chemical products	175.6	-3.0	19.8
21 Basic pharmaceutical products and pharmaceutical preparations	113.2	-0.7	3.6
22 Rubber and plastic products	140.9	0.7	18.2
23 Other non-metallic mineral products	111.8	-5.7	15.9
24 Basic metals	161.1	0.4	3.0
25 Fabricated metal products, except machinery and equipment	142.1	-0.3	7.4
26 Computer, electronic and optical products	104.0	-0.9	12.3
27 Electrical equipment	124.1	-0.2	10.2
28 Machinery and equipment n.e.c.	120.1	0.3	10.7
29 Motor vehicles, trailers and semi-trailers	115.5	-0.4	7.1
31 Furniture	120.9	0.0	11.8
32 Other manufactured goods	107.7	-0.2	5.5
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING	777.9	49.9	25.0
35 Electricity, gas, steam and air conditioning	777.9	49.9	25.0
E WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION SERVICES	153.5	-0.4	8.2
38 Waste collection, treatment and disposal services; materials recovery services	153.5	-0.4	8.2
MIG1 Intermediate goods	150.8	-1.9	12.8
MIG2 Capital goods	117.1	0.1	9.5
MIG3 Durable consumer goods	119.8	-0.2	11.8
MIG4 Non-durable consumer goods	118.2	-1.6	13.5

Point figure is a change quantity used in price indices, which expresses the price, average price or index of the reference period relative to the price, average price or index of the base period. The index figure of the base period is usually denoted by the number hundred. For example, if the index figure of the commodity is 105.3 in a certain period, it means that the price of the commodity has risen by 5.3 per cent from the base period. Monthly change is the relative change in the index from a time period one month before. The change is usually reported in percentages. Annual change is the relative change of the index in comparison with the corresponding time period one year ago (e.g. annual change of total index of consumer prices, i.e. inflation).

24.01.2023

Import price index 2015=100, 2022M12, Products by activity (CPA 2015, MIG)

	Point figure (2015=100)	Monthly change, %	Annual change, %
Total	148.5	-0.6	15.8
A Products of agriculture, forestry and fishing	128.4	0.6	15.9
01 Products of agriculture, hunting and related services	133.0	-0.1	15.8
02 Products of forestry, logging and related services	127.4	0.7	19.2
03 Fish and other fishing products; aquaculture products; support services to fishing	130.6	5.5	11.7
07 Metal ores	246.1	0.7	12.6
08 Other mining and quarrying products	135.4	1.8	26.6
C MANUFACTURED PRODUCTS	130.7	-1.1	14.1
10 Food products	137.7	0.2	21.0
11 Beverages	114.7	0.0	8.2
13 Textiles	119.7	-0.1	19.6
14 Wearing apparel	104.7	-0.4	4.5
15 Leather and related products	122.2	0.0	12.4
16 Wood and of products of wood and cork, except furniture; articles of straw and plaiting materials	140.6	2.7	25.2
17 Paper and paper products	157.6	-1.5	22.2
19 Coke and refined petroleum products	181.7	-11.1	33.5
20 Chemicals and chemical products	176.9	-0.5	28.9
21 Basic pharmaceutical products and pharmaceutical preparations	102.6	-0.2	-2.3
22 Rubber and plastic products	123.2	0.0	13.8
23 Other non-metallic mineral products	137.0	0.5	23.6
24 Basic metals	160.9	-1.3	4.6
25 Fabricated metal products, except machinery and equipment	138.8	0.6	23.7
26 Computer, electronic and optical products	99.7	-1.0	3.4
27 Electrical equipment	116.1	-0.6	8.8
28 Machinery and equipment n.e.c.	117.5	0.1	10.1
29 Motor vehicles, trailers and semi-trailers	113.9	0.0	7.3
30 Other transport equipment	115.4	-2.1	8.3
31 Furniture	131.2	-0.6	16.7
32 Other manufactured goods	110.8	-0.7	7.0
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING	876.5	27.9	54.3
35 Electricity, gas, steam and air conditioning	876.5	27.9	54.3
MIG1 Intermediate goods	154.0	-0.5	18.8
MIG2 Capital goods	111.7	-0.2	7.5
MIG3 Durable consumer goods	108.4	-0.4	7.4
MIG4 Non-durable consumer goods	119.2	0.0	10.6
MIG5 Energy	249.4	-1.0	28.8

Point figure is a change quantity used in price indices, which expresses the price, average price or index of the reference period relative to the price, average price or index of the base period. The index figure of the base period is usually denoted by the number hundred. For example, if the index figure of the commodity is 105.3 in a certain period, it means that the price of the commodity has risen by 5.3 per cent from the base period. Monthly change is the relative change in the index from a time period one month before. The change is usually reported in percentages. Annual change is the relative change of the index in comparison with the corresponding time period one year ago (e.g. annual change of total index of consumer prices, i.e. inflation).

24.01.2023

Basic price index for domestic supply 2015=100, 2022M12, Products by activity (CPA 2015, MIG)

	Point figure (2015=100)	Monthly change, %	Annual change, %
Total	142.4	0.2	14.6
A Products of agriculture, forestry and fishing	138.8	1.9	24.5
01 Products of agriculture, hunting and related services	149.3	0.6	31.4
B MINING AND QUARRYING	189.7	-5.4	16.7
07 Metal ores	210.2	0.5	13.6
08 Other mining and quarrying products	115.3	0.6	14.9
C MANUFACTURED PRODUCTS	133.5	-1.8	13.8
10 Food products	131.4	0.3	21.1
11 Beverages	116.8	-0.8	7.8
13 Textiles	121.8	0.0	16.9
14 Wearing apparel	105.6	-0.3	4.5
15 Leather and related products	122.3	0.1	12.2
16 Wood and of products of wood and cork, except furniture; articles of straw and plaiting materials	143.7	0.0	5.7
17 Paper and paper products	145.3	-1.6	25.2
18 Printing and reproduction services of recorded media	110.2	1.0	17.6
20 Chemicals and chemical products	172.1	-0.9	28.1
21 Basic pharmaceutical products and pharmaceutical preparations	105.8	0.0	-0.9
22 Rubber and plastic products	128.0	1.0	15.0
23 Other non-metallic mineral products	129.5	0.1	17.2
24 Basic metals	161.6	-0.8	-0.5
25 Fabricated metal products, except machinery and equipment	150.5	0.0	19.0
26 Computer, electronic and optical products	100.8	-0.8	4.5
27 Electrical equipment	117.9	-0.7	10.4
28 Machinery and equipment n.e.c.	119.4	0.1	10.7
29 Motor vehicles, trailers and semi-trailers	114.8	0.0	7.5
30 Other transport equipment	114.6	-1.2	6.6
31 Furniture	131.4	-0.3	14.8
32 Other manufactured goods	111.6	-0.5	7.8
33 Repair and installation services of machinery and equipment	111.2	0.0	0.7
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING	272.1	18.0	30.4
35 Electricity, gas, steam and air conditioning	272.1	18.0	30.4
E WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION SERVICES	160.5	-2.3	6.8
36 Natural water; water treatment and supply services	108.8	0.0	4.3
38 Waste collection, treatment and disposal services; materials recovery services	172.4	-2.5	7.2
F CONSTRUCTIONS AND CONSTRUCTION WORKS	127.4	0.1	7.3
42 Constructions and construction works for civil engineering	125.1	-0.3	12.0
MIG1 Intermediate goods	147.2	-0.5	15.6
MIG2 Capital goods	117.4	-0.2	7.7
MIG3 Durable consumer goods	115.3	-0.3	9.3
MIG4 Non-durable consumer goods	121.4	0.1	13.6
MIG5 Energy	221.8	1.4	25.5

Point figure is a change quantity used in price indices, which expresses the price, average price or index of the reference period relative to the price, average price or index of the base period. The index figure of the base period is usually denoted by the number hundred. For example, if the index figure of the commodity is 105.3 in a certain period, it means that the price of the commodity has risen by 5.3 per cent from the base period. Monthly change is the relative change in the index from a time period one month before. The change is usually reported in percentages. Annual change is the relative change of the index in comparison with the corresponding time period one year ago (e.g. annual change of total index of consumer prices, i.e. inflation).

24.01.2023

Basic price index for domestic supply, including taxes 2015=100, 2022M12, Products by activity (CPA 2015, MIG)

	Point figure (2015=100)	Monthly change, %	Annual change, %
Total	142.3	-0.4	13.4
A Products of agriculture, forestry and fishing	138.4	2.0	24.3
01 Products of agriculture, hunting and related services	148.9	0.6	31.4
B MINING AND QUARRYING	173.4	-7.1	16.0
07 Metal ores	210.2	0.5	13.6
08 Other mining and quarrying products	115.2	0.7	14.7
C MANUFACTURED PRODUCTS	132.8	-1.5	12.7
10 Food products	130.2	0.3	21.0
11 Beverages	119.9	-0.6	3.3
13 Textiles	134.0	0.0	28.6
14 Wearing apparel	105.6	-0.3	4.4
15 Leather and related products	122.2	0.1	12.1
16 Wood and of products of wood and cork, except furniture; articles of straw and plaiting materials	143.8	0.0	5.7
17 Paper and paper products	145.3	-1.6	25.2
18 Printing and reproduction services of recorded media	110.2	1.0	17.6
20 Chemicals and chemical products	171.0	-1.6	27.4
21 Basic pharmaceutical products and pharmaceutical preparations	106.2	0.0	-0.8
22 Rubber and plastic products	128.1	1.0	15.0
23 Other non-metallic mineral products	129.6	0.1	17.2
24 Basic metals	162.1	-0.8	-0.2
25 Fabricated metal products, except machinery and equipment	150.6	0.0	19.1
26 Computer, electronic and optical products	100.8	-0.8	4.5
27 Electrical equipment	117.9	-0.7	10.4
28 Machinery and equipment n.e.c.	119.5	0.1	10.7
29 Motor vehicles, trailers and semi-trailers	104.0	0.0	6.5
30 Other transport equipment	115.0	-1.2	6.7
31 Furniture	131.4	-0.3	14.8
32 Other manufactured goods	111.6	-0.5	7.8
33 Repair and installation services of machinery and equipment	111.2	0.0	0.7
D ELECTRICITY, GAS, STEAM AND AIR CONDITIONING	262.7	8.9	21.3
35 Electricity, gas, steam and air conditioning	262.7	8.9	21.3
E WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION SERVICES	160.5	-2.3	6.8
36 Natural water; water treatment and supply services	108.8	0.0	4.3
38 Waste collection, treatment and disposal services; materials recovery services	172.5	-2.5	7.2
F CONSTRUCTIONS AND CONSTRUCTION WORKS	127.4	0.1	7.3
42 Constructions and construction works for civil engineering	125.1	-0.3	12.0
MIG1 Intermediate goods	147.4	-0.7	15.6
MIG2 Capital goods	115.1	-0.1	7.5
MIG3 Durable consumer goods	115.3	-0.2	9.3
MIG4 Non-durable consumer goods	125.1	0.0	12.7
MIG5 Energy	202.9	-1.0	18.0

Point figure is a change quantity used in price indices, which expresses the price, average price or index of the reference period relative to the price, average price or index of the base period. The index figure of the base period is usually denoted by the number hundred. For example, if the index figure of the commodity is 105.3 in a certain period, it means that the price of the commodity has risen by 5.3 per cent from the base period. Monthly change is the relative change in the index from a time period one month before. The change is usually reported in percentages. Annual change is the relative change of the index in comparison with the corresponding time period one year ago (e.g. annual change of total index of consumer prices, i.e. inflation).