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Published: 24 February 2015

Producer prices for manufactured products fell by 2.7 per cent from January last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 2.7 per cent from January 2014 to January 2015. The producer prices for manufactured products sold on the domestic market went down by 3.3 per cent, while the producer prices of export products fell by 1.9 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–1/2015

Producer Price Index (PPI) 2010=100, 1/2010–1/2015
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, electricity, chemicals and chemical products from last year's January. The fall in producer prices was particularly curbed by risen prices of paper and paper products.

The export price index fell by 2.0 per cent and the import price index by 7.1 per cent in the year. The Basic Price Index for Domestic Supply went down by 4.0 per cent. The Basic Price Index for Domestic Supply including taxes fell by 3.6 per cent.

Export prices were in particular depressed by the falling prices of oil products from January 2014. The fall in prices was slowed down, in particular, by higher prices of manufacturing of paper and paper products. The fall in import prices was, in turn, especially caused by lower prices of oil products, chemicals and chemical products from last year's January. The fall in the prices was particularly curbed by risen prices of basic precious metals and other non-ferrous metals.

From December 2014 to January 2015, producer prices for manufactured products fell by 0.9 per cent. The fall was mainly due to decreased prices of oil products from the previous month.

Producer Price Indices 2010=100, January 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 102.9 -0.9 -2.7
- Producer Price Index, domestic goods 105.2 -1.2 -3.3
- Producer Price Index, export goods 100.1 -0.5 -1.9
Export Price Index 100.2 -0.5 -2.0
Import Price Index 99.6 -2.1 -7.1
Basic Price Index for Domestic Supply 104.6 -1.2 -4.0
Basic Price Index for Domestic Supply, incl. taxes 107.6 -0.9 -3.6

Producer Price Indices 1949=100, January 2015

  Index Monthly change, % Annual change, %
Production Price Index 1897 -0.9 -2.7
Export Price Index 1635 -0.5 -2.0
Import Price Index 1486 -2.1 -7.1
Wholesale Price Index 2164 -0.9 -3.6

Source: Producer Price Index 2015, January. 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 24.2.2015

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. January 2015. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/thi/2015/01/thi_2015_01_2015-02-24_tie_001_en.html