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Published: 26 November 2012

Producer prices for manufactured products rose by 1.7 per cent in October

According to Statistics Finland, producer prices for manufactured products rose by an average of 1.7 per cent from October 2011 to October 2012. Producer prices for manufactured products sold on the domestic market rose by 2.6 per cent, while the producer prices of export products went up by 0.8 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2012:10

Producer Price Index (PPI) 2010=100, 2010:01–2012:10
The Export Price Index rose by 0.9 per cent and the Import Price Index by 2.7 per cent in the year. The Basic Price Index for Domestic Supply went up by 3.2 per cent and the year-on-year change in the Basic Price Index for Domestic Supply, Including Taxes was 3.3 per cent.

The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products and food, and by the risen cost of district heat from October of the previous year. The increase was curbed above all by lower costs of the manufacturing of basic metals and pulp.

From September to October, producer prices for manufactured products went down by 0.5 per cent. The fall was mainly due to decreased prices of oil products from the previous month.

Producer Price Indices 2010=100

  Index 2012:10 2012:09 - 2012:10, % 2011:10 - 2012:10, %
Producer Price Index, total 107.2 -0.5 1.7
- Producer Price Index, domestic goods 109.2 -0.3 2.6
- Producer Price Index, export goods 104.7 -0.8 0.8
Export Price Index 104.9 -0.8 0.9
Import Price Index 111.3 -1.0 2.7
Basic Price Index for Domestic Supply 110.3 -0.4 3.2
Basic Price Index for Domestic Supply, incl. taxes 111.6 -0.4 3.3

Producer Price Indices 1949=100

  Index 2012:10 2012:09 - 2012:10, % 2011:10 - 2012:10, %
Production Price Index 1975 -0.5 1.7
Export Price Index (fob) 1713 -0.8 0.9
Import Price Index (cif) 1661 -1.0 2.7
Wholesale Price Index 2244 -0.4 3.3

Source: Producer Price Index 2012, October. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 09 1734 3466, Mervi Nyfors 09 1734 3480, Merja Pokela 09 1734 3283, Toni Udd 09 1734 3380, thi.tilastokeskus@stat.fi

Director in charge: Kari Molnar

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Updated 26.11.2012

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. October 2012. Helsinki: Statistics Finland [referred: 20.12.2024].
Access method: http://www.stat.fi/til/thi/2012/10/thi_2012_10_2012-11-26_tie_001_en.html