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Published: 25 November 2013

Producer prices for manufactured products fell by 0.9 per cent in October

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.9 per cent from October 2012 to October 2013. The producer prices for manufactured products sold on the domestic market rose by 0.1 per cent, while the producer prices of export products fell by 2.2 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2013:10

Producer Price Index (PPI) 2010=100, 2010:01–2013:10
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, manufacture of basic metals, chemicals and chemical products from last year's October. The fall in producer prices was slowed down especially by higher prices of district heat, electricity and food.

The Export Price Index fell by 2.2 per cent and the Import Price Index by 3.6 per cent in the year. The Basic Price Index for Domestic Supply went down by 1.0 per cent. The Basic Price Index for Domestic Supply, Including Taxes remained unchanged, on average.

Export prices declined especially due to lower prices of oil products and manufacturing of basic metals from the previous year's October. The falling of the prices was curbed particularly by higher prices of machinery and equipment and electronic appliances. The fall in import prices was especially caused by lower prices of crude oil and oil products compared with last year's October. The fall in the prices was particularly curbed by risen price of electricity.

From September to October, producer prices for manufactured products went down by 0.4 per cent. The fall was mainly due to decreased prices of oil products and chemicals and chemical products.

Producer Price Indices 2010=100

  Index 2013:10 2013:09 - 2013:10, % 2012:10 - 2013:10, %
Producer Price Index, total 106.2 -0.4 -0.9
- Producer Price Index, domestic goods 109.3 -0.4 0.1
- Producer Price Index, export goods 102.4 -0.4 -2.2
Export Price Index 102.6 -0.4 -2.2
Import Price Index 107.3 -1.3 -3.6
Basic Price Index for Domestic Supply 109.2 -0.6 -1.0
Basic Price Index for Domestic Supply, incl. taxes 111.6 -0.6 0.0

Producer Price Indices 1949=100

  Index 2013:10 2013:09 - 2013:10, % 2012:10 - 2013:10, %
Production Price Index 1957 -0.4 -0.9
Export Price Index (fob) 1675 -0.4 -2.2
Import Price Index (cif) 1602 -1.3 -3.6
Wholesale Price Index 2245 -0.6 0.0

Source: Producer Price Index 2013, October. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 09 1734 3466, Anni Huuskonen 09 1734 2992, Mervi Nyfors 09 1734 3480, Merja Pokela 09 1734 3283, Toni Udd 09 1734 3380, thi.tilastokeskus@stat.fi

Director in charge: Leena Storgårds

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Updated 25.11.2013

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. October 2013. Helsinki: Statistics Finland [referred: 20.12.2024].
Access method: http://www.stat.fi/til/thi/2013/10/thi_2013_10_2013-11-25_tie_001_en.html