Producer prices for services grew by 1.4 per cent year-on-year in October to December

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.4 per cent in the fourth quarter of 2019. Compared to the previous quarter, producer prices for services remained, on average, unchanged.

Producer Price Indices for Services 2015=100, I/2015–IV/2019

Producer prices for services were pushed up particularly by higher prices of rents of dwellings and human health services from one year ago. The price increase was also affected by higher prices of food services and business and management consulting services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as warehousing and storage services, for example.

Producer prices for services for enterprises and the public sector (Business to Business, BtoB) were boosted in particular by higher prices of freight transport by road and business and management consulting services from one year ago. The rise was held back by fallen prices of renting services of machinery and equipment, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of rents of dwellings and human health services from one year ago. The rise was held back by, for example, lower prices of renting services of passenger cars.

Producer Price Indices for Services 2015=100, total (BtoAll), 4th quarter 2019

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	105.5	0.0	1.4
H TRANSPORTATION AND STORAGE SERVICES	105.1	-0.1	1.0
I ACCOMMODATION AND FOOD SERVICES	109.1	-0.2	2.0
J INFORMATION AND COMMUNICATION SERVICES	105.1	0.1	1.1
L REAL ESTATE SERVICES	106.4	0.3	1.6
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	105.7	0.3	1.6
N ADMINISTRATIVE AND SUPPORT SERVICES	100.1	-0.7	0.1
P EDUCATION SERVICES	106.8	0.5	1.3
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	109.5	0.0	3.4
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	105.4	0.4	2.0
S OTHER SERVICES	105.2	0.3	1.4

Producer Price Indices for Services currently cover about 60 per cent of the market services.

Source: Producer Price Indices for Services 2019, 4th quarter. Statistics Finland

Inquiries: Ville Markkanen 029 551 3023, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Quality descriptions

Quality Description of Producer Price Index for Services (24.1.2020)

Updated 24.01.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2019. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/pthi/2019/04/pthi_2019_04_2020-01-24_tie_001_en.html