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Published: 23 December 2016

Producer prices for manufactured products went up by 0.6 per cent from November last year

According to Statistics Finland, producer prices for manufactured products went up by an average of 0.6 per cent from November 2015 to November 2016. The producer prices for manufactured products sold on the domestic market went up by 0.8 per cent, while the producer prices of export products went up by 0.3 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–11/2016

Producer Price Index (PPI) 2010=100, 1/2010–11/2016
The rise in the producer prices for manufactured products was particularly caused by higher prices of electricity and manufacturing of basic metals from November 2015. The rise in producer prices was slowed down especially by lower prices of paper and paper products and electronic appliances.

The export price index went up by 0.2 per cent and the import price index went up by 1.9 per cent in the year. The Basic Price Index for Domestic Supply went up by 1.6 per cent. The Basic Price Index for Domestic Supply including taxes went up by 1.6 per cent.

The rise in the export prices was particularly caused by higher prices of manufacturing of basic metals and machinery and equipment from November 2015. The rice in prices was slowed down especially by lower prices of electronic appliances. The rise in import prices was in turn especially caused by higher prices of hard coal and electricity compared with the previous year's November. The rise in import prices was slowed down, in particular, by chemicals and chemical products.

From October to November, producer prices for manufactured products went up by 0.6 per cent. The rise was mainly due to increased prices of manufacturing of basic metals from the previous month.

Producer Price Indices 2010=100, November 2016

  Index Monthly change, % Annual change, %
Producer Price Index, total 102.8 0.6 0.6
- Producer Price Index, domestic goods 105.4 0.7 0.8
- Producer Price Index, export goods 99.6 0.6 0.3
Export Price Index 99.6 0.6 0.2
Import Price Index 99.5 0.9 1.9
Basic Price Index for Domestic Supply 105.2 0.6 1.6
Basic Price Index for Domestic Supply, incl. taxes 108.5 0.5 1.6

Producer Price Indices 1949=100, November 2016

  Index Monthly change, % Annual change, %
Production Price Index 1894 0.6 0.6
Export Price Index 1626 0.6 0.2
Import Price Index 1486 0.9 1.9
Wholesale Price Index 2183 0.5 1.6

Source: Producer Price Index 2016, November. 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 23.12.2016

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. November 2016. Helsinki: Statistics Finland [referred: 19.3.2024].
Access method: http://www.stat.fi/til/thi/2016/11/thi_2016_11_2016-12-23_tie_001_en.html