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Latest publication: Producer price indices 2022, February

Published: 27 June 2016

Producer prices for manufactured products fell by 4.0 per cent from May last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 4.0 per cent from May 2015 to May 2016. The producer prices for manufactured products sold on the domestic market went down by 3.4 per cent, while the producer prices of export products fell by 4.8 per cent

Producer Price Index (PPI) 2010=100, 1/2010–5/2016

Producer Price Index (PPI) 2010=100, 1/2010–5/2016
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from May 2015. The fall in producer prices was slowed down especially by higher prices of paper and paper board products and manufacturing of machinery and equipment.

The export price index fell by 4.9 per cent and the import price index by 7.2 per cent in the year. The Basic Price Index for Domestic Supply went down by 3.6 per cent. The Basic Price Index for Domestic Supply including taxes fell by 3.0 per cent.

Export prices were in particular depressed by the falling prices of manufacturing of basic metals and oil products from May 2015. The fall in prices was slowed down especially by higher prices of paper and paper board products. The fall in import prices was in turn especially caused by lower prices of oil products and manufacturing of basic metals compared with the previous year's May. The fall in prices was slowed down, in particular, by higher prices of motor vehicles.

From April to May, producer prices for manufactured products went up by 0.6 per cent. The rise was mainly due to increased prices of oil products from the previous month.

Producer Price Indices 2010=100, May 2016

  Index Monthly change, % Annual change, %
Producer Price Index, total 100.8 0.6 -4.0
- Producer Price Index, domestic goods 103.2 0.5 -3.4
- Producer Price Index, export goods 97.9 0.8 -4.8
Export Price Index 98.0 0.8 -4.9
Import Price Index 95.8 1.5 -7.2
Basic Price Index for Domestic Supply 102.7 0.8 -3.6
Basic Price Index for Domestic Supply, incl. taxes 106.2 0.8 -3.0

Producer Price Indices 1949=100, May 2016

  Index Monthly change, % Annual change, %
Production Price Index 1858 0.6 -4.0
Export Price Index 1599 0.8 -4.9
Import Price Index 1430 1.4 -7.2
Wholesale Price Index 2137 0.8 -3.0

Source: Producer Price Index 2016, May. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Anna-Riikka Pitkänen 029 551 3466, Jenna Lackbergh 029 551 3578, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 27.6.2016

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2016. Helsinki: Statistics Finland [referred: 25.5.2022].
Access method: http://www.stat.fi/til/thi/2016/05/thi_2016_05_2016-06-27_tie_001_en.html