Producer prices for services went up in October-December

According to Statistics Finland, producer prices for services went up by 2.7 per cent in the fourth quarter of 2006 from the corresponding quarter of the year before. The rise in the prices was mostly due to increases in the prices of goods transport by road, technical consultancy and rents of office and business premises from the corresponding quarter of the previous year. The rise in the prices was curbed most by falls in the prices of telecommunication.

From the previous quarter, producer prices for services rose by 0.8 per cent. This was mainly due to higher prices of rents of office and business premises and hotel services.

Producer price index for services 2005=100, 4th quarter 2006 *

Industry	Point figure	Quarterly change, %	Year-on-year change, %
Producer price index for services 2005=100	103.4	0.8	2.7
- Hotels and restaurants	103.8	7.3	1.4
Transport, warehousing and telecommunications	103.1	0.0	2.5
Real estate, renting and research services, business services	103.9	1.0	3.1
- Other community, social and personal service activities	99.9	-0.6	0.3
* Producer price index for services measures the price development of services produced by enterprises.

Source: Producer price index for services 2006, 4th quarter. Statistics Finland

Inquiries: Mr Matias Kemppainen +358 9 1734 3564, Ms Sanna Nieminen +358 9 1734 3469, pthi.tilastokeskus@stat.fi

Director in charge: Mr Kari Molnar

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Last updated 17.1.2007

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2006. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/pthi/2006/04/pthi_2006_04_2007-01-17_tie_001_en.html