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Latest publication: Producer price indices 2022, February

Published: 24 June 2020

Producer prices for manufactured products fell by 7.1 per cent from May last year

According to Statistics Finland, producer prices for manufactured products went down by an average of 7.1 per cent from May 2019 to May 2020. The producer prices for manufactured products sold on the domestic market declined by 6.3 per cent, while the producer prices of export products fell by 8.0 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–05/2020

Producer Price Index (PPI) 2015=100, 1/2015–05/2020
The drop in the producer prices for manufactured products was particularly attributable to fallen prices of oil products, pulp, paper, paperboard and cardboard, as well as electricity from May 2019.

The export price index fell by 8.0 per cent and the import price index by 9.4 per cent in the year. The basic price index for domestic supply went down by 5.8 per cent. The basic price index for domestic supply including taxes fell by 5.5 per cent.

The decrease in the export price index was in particular affected by lower prices of oil products, pulp, paper, paperboard and cardboard compared to May last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of oil products and electricity.

From April to May, the producer prices for manufactured goods remained unchanged, on average.

Producer Price Indices 2015=100, May 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 98.9 0.0 -7.1
- Producer Price Index, domestic goods 99.0 -0.2 -6.3
- Producer Price Index, export goods 99.0 0.2 -8.0
Export Price Index 98.7 0.2 -8.0
Import Price Index 99.2 1.5 -9.4
Basic Price Index for Domestic Supply 101.8 0.2 -5.8
Basic Price Index for Domestic Supply, incl. taxes 102.0 0.4 -5.5

Producer Price Indices 1949=100, May 2020

  Index Monthly change, % Annual change, %
Production Price Index 1904 0.0 -7.1
Export Price Index 1638 0.2 -8.0
Import Price Index 1521 1.5 -9.4
Wholesale Price Index 2259 0.4 -5.5

Source: Producer Price Index 2020, May. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, Anssi Peltola 029 551 3482, thi.tilastokeskus@stat.fi

Director in charge: Jan Nokkala

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Updated 24.6.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2020. Helsinki: Statistics Finland [referred: 24.5.2022].
Access method: http://www.stat.fi/til/thi/2020/05/thi_2020_05_2020-06-24_tie_001_en.html