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Latest publication: Producer price indices 2022, February

Published: 24 October 2016

Producer prices for manufactured products fell by 1.4 per cent from September last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 1.4 per cent from September 2015 to September 2016. The producer prices for manufactured products sold on the domestic market went down by 1.1 per cent, while the producer prices of export products fell by 1.8 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–9/2016

Producer Price Index (PPI) 2010=100, 1/2010–9/2016
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of pulp, chemicals and chemical products and oil products from September 2015. The fall in producer prices was slowed down especially by higher prices of electricity and machinery and equipment.

The export price index fell by 1.9 per cent and the import price index by 1.5 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.3 per cent. The Basic Price Index for Domestic Supply including taxes went up by 0.1 per cent.

Export prices were in particular depressed by the falling prices of electronic appliances and chemicals and chemical products from September 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 chemicals and chemical products and food products compared with the previous year's September. The fall in prices was slowed down, in particular, by higher prices of machinery and equipment.

From August to September, producer prices for manufactured products went up by 0.3 per cent. The rise was mainly due to increased prices of manufacturing of basic metals from the previous month.

Producer Price Indices 2010=100, September 2016

  Index Monthly change, % Annual change, %
Producer Price Index, total 101.3 0.3 -1.4
- Producer Price Index, domestic goods 103.7 0.3 -1.1
- Producer Price Index, export goods 98.4 0.5 -1.8
Export Price Index 98.4 0.5 -1.9
Import Price Index 97.0 0.7 -1.5
Basic Price Index for Domestic Supply 103.7 0.4 -0.3
Basic Price Index for Domestic Supply, incl. taxes 107.1 0.3 0.1

Producer Price Indices 1949=100, September 2016

  Index Monthly change, % Annual change, %
Production Price Index 1867 0.3 -1.4
Export Price Index 1606 0.5 -1.9
Import Price Index 1448 0.7 -1.5
Wholesale Price Index 2154 0.3 0.1

Source: Producer Price Index 2016, September. Statistics Finland

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

Director in charge: Ville Vertanen

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Updated 24.10.2016

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. September 2016. Helsinki: Statistics Finland [referred: 25.5.2022].
Access method: http://www.stat.fi/til/thi/2016/09/thi_2016_09_2016-10-24_tie_001_en.html