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Published: 17 June 2011

Producer prices for manufactured products rose by 6.6 per cent in the year

According to Statistics Finland, producer prices for manufactured products rose by an average of 6.6 per cent from May 2010 to May 2011. Producer prices for manufactured products sold on the domestic market rose by 7.4 per cent, while the producer prices of export industries went up by 5.5 per cent.

Producer Price Index (PPI) 2005=100, 2005:01–2011:05

Producer Price Index (PPI) 2005=100, 2005:01–2011:05
The export price index rose by 5.9 per cent and the import price index by 7.5 per cent in the year. The basic price index for domestic supply went up by 7.3 per cent and the year-on-year change in the wholesale price index was 9.5 per cent.

The rise in the producer prices for manufactured products was especially caused by increased prices of oil products, iron and steel, and chemicals from the previous year's May. The rise was curbed by falls in the prices of electronic appliances and pulp in particular.

From April to May producer prices for manufactured products rose by 0.4 per cent. The rise was mainly due to increased prices of iron and steel, and food products.

Producer Price Indices 2005=100

  Index 2011:05 2011:04 - 2011:05, % 2010:05 - 2011:05, %
Producer Price Index, total 115.1 0.4 6.6
- Producer Price Index, domestic goods 126.5 0.2 7.4
- Producer Price Index, export goods 103.7 0.6 5.5
Export Price Index 104.4 0.6 5.9
Import Price Index 117.6 -1.7 7.5
Basic Price Index for Domestic Supply 121.8 -0.4 7.3
Wholesale Price Index 122.6 -0.6 9.5

Producer Price Indices 1949=100

  Index 2011:05 2011:04 - 2011:05, % 2010:05 - 2011:05, %
Production Price Index 1959 0.4 6.6
Export Price Index (fob) 1736 0.6 5.9
Import Price Index (cif) 1607 -1.7 7.5
Wholesale Price Index 2168 -0.6 9.5

Source: Producer Price Index 2011, May. Statistics Finland

Inquiries: Toni Udd (09) 1734 3380, Anna-Riikka Pitkänen (09) 1734 3466, Marja Ikonen (09) 1734 3480, Merja Pokela (09) 1734 3283, Matti Suoniemi (09) 1734 3294, thi.tilastokeskus@tilastokeskus.fi

Director in charge: Kari Molnar

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Updated 17.6.2011

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2011. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/thi/2011/05/thi_2011_05_2011-06-17_tie_001_en.html