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Published: 24 February 2014

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

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.9 per cent from January 2013 to January 2014. The producer prices for manufactured products sold on the domestic market went down by 0.3 per cent, while the producer prices of export products fell by 1.6 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2014:01

Producer Price Index (PPI) 2010=100, 2010:01–2014:01
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from last year's January. The falling of the prices was curbed particularly by higher prices of district heating, wood and machinery and equipment.

The Export Price Index fell by 1.7 per cent and the Import Price Index by 2.9 per cent in the year. The Basic Price Index for Domestic Supply went down by 1.1 per cent. The Basic Price Index for Domestic Supply including taxes went down by 0.8 per cent.

Export prices were in particular depressed by the falling prices of manufacturing of basic metals and oil products from January 2013. The falling of the prices was curbed particularly by higher prices of machinery and equipment and wood. The fall in import prices was in turn especially caused by lower prices of crude oil and manufacturing of basic metals compared with January 2013. The fall in the prices was particularly curbed by risen prices of food.

Producer prices for manufactured goods remained on average unchanged from December 2013 to January 2014.

Producer Price Indices 2010=100

  Index 2014:01 2013:12 - 2014:01, % 2013:01 - 2014:01, %
Producer Price Index, total 105.8 0.0 -0.9
- Producer Price Index, domestic goods 108.8 0.3 -0.3
- Producer Price Index, export goods 102.0 -0.3 -1.6
Export Price Index 102.2 -0.3 -1.7
Import Price Index 107.2 0.0 -2.9
Basic Price Index for Domestic Supply 109.0 0.1 -1.1
Basic Price Index for Domestic Supply, incl. taxes 111.6 0.3 -0.8

Producer Price Indices 1949=100

  Index 2014:01 2013:12 - 2014:01, % 2013:01 - 2014:01, %
Production Price Index 1950 0.0 -0.9
Export Price Index (fob) 1668 -0.3 -1.7
Import Price Index (cif) 1600 0.0 -2.9
Wholesale Price Index 2245 0.3 -0.8

Source: Producer Price Index 2014, January. Statistics Finland

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

Director in charge: Leena Storgårds

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Updated 24.2.2014

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. January 2014. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/thi/2014/01/thi_2014_01_2014-02-24_tie_001_en.html