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Published: 24 November 2014

Producer prices for manufactured products fell by 0.3 per cent from October last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.3 per cent from October 2013 to October 2014. The producer prices for manufactured products sold on the domestic market went down by 1.0 per cent, while the producer prices of export products went up by 0.6 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2014:10

Producer Price Index (PPI) 2010=100, 2010:01–2014:10
Producer prices for manufactured products went down especially due to reductions in the prices of oil products and electricity from last year's October. The fall in producer prices was slowed down, in particular, by higher prices of manufacturing of basic metals.

The Export Price Index rose by 0.3 per cent and the Import Price Index fell by 1.3 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 went down by 0.7 per cent.

Export prices were, in particular, boosted by the higher prices of manufacturing of basic metals and chemicals and chemical products from October 2013. The rising of the prices was curbed above all by falls in the prices of oil products. The fall in import prices was especially caused by lower prices of oil products and electricity compared with last year's October. The fall in the prices was particularly curbed by risen prices of basic precious metals and other non-ferrous metals.

From September to October, producer prices for manufactured products went down by 0.3 per cent. The fall was mainly due to decreased prices of oil products from the previous month.

Producer Price Indices 2010=100

  Index 2014:10 2014:09 - 2014:10, % 2013:10 - 2014:10, %
Producer Price Index, total 105.8 -0.3 -0.3
- Producer Price Index, domestic goods 108.2 -0.4 -1.0
- Producer Price Index, export goods 103.0 -0.2 0.6
Export Price Index 103.0 -0.2 0.3
Import Price Index 105.9 -1.2 -1.3
Basic Price Index for Domestic Supply 108.2 -0.7 -1.0
Basic Price Index for Domestic Supply, incl. taxes 110.8 -0.6 -0.7

Producer Price Indices 1949=100

  Index 2014:10 2014:09 - 2014:10, % 2013:10 - 2014:10, %
Production Price Index 1951 -0.3 -0.3
Export Price Index (fob) 1681 -0.2 0.3
Import Price Index (cif) 1581 -1.2 -1.3
Wholesale Price Index 2228 -0.6 -0.7

Source: Producer Price Index 2014, October. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Olavi Savolainen 029 551 3303, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Leena Storgårds

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Updated 24.11.2014

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. October 2014. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/thi/2014/10/thi_2014_10_2014-11-24_tie_001_en.html