Home > Statistics > Producer price indices for services > 2014 > 3rd quarter > Producer prices for services grew by 1.1 per cent year-on-year in July to September

Published: 24 October 2014

Producer prices for services grew by 1.1 per cent year-on-year in July to September

According to Statistics Finland, producer prices for services went up by 1.1 per cent in the third quarter of 2014 from the corresponding quarter of the year before.

Producer Price Indices for Services 2010=100, I/2010–III/2014

Producer prices for services were pushed up particularly by higher prices of software and related services and postal activities under universal service obligation during the year. The increase in the total index was also affected by higher rents of office and business premises and increased prices of real estate management services. The rise was held back by, among other things, lower prices of management consulting services, cargo handling and advertising services.

From second to third quarter producer prices for services remained on average unchanged.

Producer Price Indices for Services 2010=100, 3rd quarter 2014

Industry	Point figure	Quarterly change,%	Yearly change,%
TOTAL INDEX	106.9	0.0	1.1
H Transportation and storage	106.8	0.0	1.2
I Accommodation and food service activities	109.5	-1.2	1.8
J Information and communication	104.7	0.1	2.1
L Real estate activities	110.1	0.1	1.2
M Professional, scientific and technical activities	103.8	-0.4	-0.2
N Administrative and support service activities	113.8	0.4	1.5
P Education	113.1	1.3	6.2
Q Human health and social work activities	113.3	0.0	2.5
R Arts, entertainment and recreation	113.8	-0.3	3.8
S Other service activities	111.1	-0.4	1.8

Producer Price Indices for Services describe the price development in business services provided by enterprises to other enterprises and the public sector. The total index currently covers 57 per cent of the market services.

New index series are published in connection with the Producer Price Index for Services

From the third quarter of 2014 onwards, new index series that depict the price development of services offered to all end users will be published in connection with the Producer Price Index for Services. New BtoAll index series are published for the following industries:

• H 50 Water transport

• H 53 Post and courier activities

• J 61 Telecommunications

The publication of BtoAll indices is part of a larger revision of the Producer Price Index for Services, in connection with which the description of the index will be expanded. In addition to the price development of the Business to Business (BtoB) services and services enterprises produce for the public sector currently included in the index, in future it will also describe the price development of Business to Consumers (BtoC) and Business to All (BtoAll) services. In connection with the next base year revision (2015=100) of the Producer Price Index for Services, BtoAll series will also be added to other industries.

Source: Producer Price Indices for Services 2014, 3rd quarter. Statistics Finland

Inquiries: Susanna Tåg 029 551 2991, Satu Sitkiä-Vikholm 029 551 3424, Toni Udd 029 551 3380, pthi.tilastokeskus@stat.fi

Director in charge: Leena Storgårds

Publication in pdf-format (293.9 kB)

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Appendix tables

• Appendix table 1. Producer Price Indices for Services 2010=100, 3rd quarter 2014 (24.10.2014)
• Appendix table 2. Producer Price Indices for Services 2005=100, 3rd quarter 2014 (24.10.2014)
• Appendix table 3. Producer Price Indices for Services 2010=100, BtoAll series (24.10.2014)

Quality descriptions

• Quality Description of Producer Price Index for Services (24.10.2014)

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Updated 24.10.2014