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Latest publication: Producer price indices 2022, February

Published: 23 December 2019

Producer prices for manufactured products fell by 0.8 per cent from November last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.8 per cent from November 2018 to November 2019. The producer prices for manufactured products sold on the domestic market declined by 0.7 per cent, while the producer prices of export products fell by 0.9 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–11/2019

Producer Price Index (PPI) 2015=100, 1/2015–11/2019
The drop in the producer prices for manufactured products was particularly attributable to fallen prices of pulp, paper, paperboard and cardboard, as well as oil products and timber from November 2018.

The export price index fell by 1.0 per cent and the import price index by 0.5 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 fell by 0.1 per cent.

The decrease in the export price index was in particular affected by cheaper prices of pulp, paper, paperboard and cardboard, as well as timber compared to November last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of iron and steel.

From October to November, producer prices for manufactured goods fell by 0.2 per cent. Producer prices were particularly depressed by the drop in the prices of timber compared with the previous month.

Producer Price Indices 2015=100, November 2019

  Index Monthly change, % Annual change, %
Producer Price Index, total 106.0 -0.2 -0.8
- Producer Price Index, domestic goods 105.5 -0.2 -0.7
- Producer Price Index, export goods 106.7 -0.2 -0.9
Export Price Index 106.4 -0.3 -1.0
Import Price Index 108.4 0.6 -0.5
Basic Price Index for Domestic Supply 107.5 0.1 -0.3
Basic Price Index for Domestic Supply, incl. taxes 107.5 0.1 -0.1

Producer Price Indices 1949=100, November 2019

  Index Monthly change, % Annual change, %
Production Price Index 2040 -0.2 -0.8
Export Price Index 1766 -0.3 -1.0
Import Price Index 1661 0.6 -0.5
Wholesale Price Index 2379 0.1 -0.1

Source: Producer Price Index 2019, November. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 23.12.2019

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. November 2019. Helsinki: Statistics Finland [referred: 26.5.2022].
Access method: http://www.stat.fi/til/thi/2019/11/thi_2019_11_2019-12-23_tie_001_en.html