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Published: 26 July 2021

Producer prices for services grew by 1.6 per cent year-on-year in April to June

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.6 per cent in the second quarter of 2021. Compared to the previous quarter, producer prices for services rose by 0.7 per cent.

Producer Price Indices for Services 2015=100, I/2015–II/2021

Producer Price Indices for Services 2015=100, I/2015–II/2021

Producer prices for services were pushed up particularly by higher prices of support services for transportation together with freight transport services by road from one year ago. The price increase was also affected by higher prices of rents of dwellings and human health services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as telecommunications, for example.

Producer prices for services for enterprises and the public sector (Business to Business, BtoB) were boosted in particular by higher prices of support services for transportation from one year ago. The rise was held back by fallen prices of telecommunications, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of food services and human health services from one year ago. The rise was held back by, for example, lower prices of passenger transport services.

Producer Price Indices for Services 2015=100, total (BtoAll), 2nd quarter 2021

Services by activity Point figure Quarterly change,% Annual change,%
TOTAL INDEX 107.6 0.7 1.6
H TRANSPORTATION AND STORAGE SERVICES 111.4 2.1 4.6
I ACCOMMODATION AND FOOD SERVICES 109.6 0.2 1.7
J INFORMATION AND COMMUNICATION SERVICES 103.3 0.1 -0.6
L REAL ESTATE SERVICES 108.2 0.3 1.4
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES 105.8 0.4 0.2
N ADMINISTRATIVE AND SUPPORT SERVICES 101.6 0.9 1.5
P EDUCATION SERVICES 106.4 -0.3 0.5
Q HUMAN HEALTH AND SOCIAL WORK SERVICES 118.5 1.0 4.3
R ARTS, ENTERTAINMENT AND RECREATION SERVICES 107.3 0.6 1.1
S OTHER SERVICES 107.7 0.5 1.1

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


Source: Producer Price Indices for Services 2021, 2nd quarter. Statistics Finland

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

Head of Department in charge: Katri Kaaja

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Updated 26.07.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 2nd quarter 2021. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/pthi/2021/02/pthi_2021_02_2021-07-26_tie_001_en.html