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Latest publication: Producer price indices 2022, February

Published: 24 March 2014

Producer prices for manufactured products fell by 1.3 per cent in February

According to Statistics Finland, producer prices for manufactured products fell by an average of 1.3 per cent from February 2013 to February 2014. The producer prices for manufactured products sold on the domestic market went down by 0.9 per cent, while the producer prices of export products fell by 1.9 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2014:02

Producer Price Index (PPI) 2010=100, 2010:01–2014:02
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, manufacturing of basic metals, chemicals and chemical products from last year's February. The fall in producer prices was slowed down especially by higher prices of wood.

The Export Price Index fell by 2.1 per cent and the Import Price Index by 3.5 per cent in the year. The Basic Price Index for Domestic Supply went down by 1.6 per cent. The Basic Price Index for Domestic Supply including taxes went down by 1.4 per cent.

Export prices declined especially due to lower prices of oil products and manufacturing of basic metals from the previous year's February. 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 February 2013. The fall in the prices was particularly curbed by risen price of chocolate and sugar confectionery.

From January to February, producer prices for manufactured goods went up by 0.1 per cent. The rise was mainly due to higher prices of oil products, iron and steel compared with the previous month.

Producer Price Indices 2010=100

  Index 2014:02 2014:01 - 2014:02, % 2013:02 - 2014:02, %
Producer Price Index, total 105.9 0.1 -1.3
- Producer Price Index, domestic goods 108.9 0.1 -0.9
- Producer Price Index, export goods 102.2 0.2 -1.9
Export Price Index 102.4 0.2 -2.1
Import Price Index 107.1 -0.1 -3.5
Basic Price Index for Domestic Supply 109.0 0.0 -1.6
Basic Price Index for Domestic Supply, incl. taxes 111.6 0.0 -1.4

Producer Price Indices 1949=100

  Index 2014:02 2014:01 - 2014:02, % 2013:02 - 2014:02, %
Production Price Index 1952 0.1 -1.3
Export Price Index (fob) 1672 0.2 -2.1
Import Price Index (cif) 1599 -0.1 -3.5
Wholesale Price Index 2245 0.0 -1.4

Source: Producer Price Index 2014, February. 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 24.3.2014

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. February 2014. Helsinki: Statistics Finland [referred: 26.5.2022].
Access method: http://www.stat.fi/til/thi/2014/02/thi_2014_02_2014-03-24_tie_001_en.html