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Prices of agricultural production inputs fell 5.8 % in the first quarter of 2024

Release related to topics:Agriculture, forestry and fisheryPrices and consumption
release | Index of purchase prices of the means of agricultural production 2024, 1st quarter

According to Statistics Finland, the purchase prices of the means of agricultural production decreased by 5.8 per cent in the first quarter of 2024 compared to the year before. Agricultural production commodities and services cost 8.8 per cent less and investments nearly one per cent more than one year ago.

Key selections

  • The price of energy used in agriculture went down by 6.1 per cent in the first quarter of 2024 compared to the year before.
  • In the first quarter of 2024, the prices of fertilisers fell by 25 per cent compared to the price level one year earlier.
  • Prices of animal fodder decreased by 13.1 per cent in the first quarter of 2024 compared with the previous year.
  • The decline in the prices of agricultural production inputs stems from the beginning of 2023. After that, the total index settled at a level around 30 per cent higher than that of the base year of the index 2020.
  • Farmer's inflation exceeded the general development in consumer prices, which was 18 per cent over the same period.

Database tables

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Updated database tables
14p1
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  • Classification of index of purchase prices of the means of agricultural production
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11gw
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  • Classification of index of purchase prices of the means of agricultural production
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11gz
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  • Classification of index of purchase prices of the means of agricultural production
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11h3
Classifications used:
  • Classification of index of purchase prices of the means of agricultural production
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11h6
Classifications used:
  • Classification of index of purchase prices of the means of agricultural production
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Future releases

Documentation

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Referencing instructions

Official Statistics of Finland (OSF): Index of purchase prices of the means of agricultural production [online publication].
Reference period: 2024, 1st quarter. ISSN=2814-4686 . Helsinki: Statistics Finland [Referenced: 27.4.2025].
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kui.tilastokeskus@stat.fi
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029 551 3421

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Katri Kaaja
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029 551 3488