A more recent publication of this set of statistics is available.

Latest publication: Producer price indices 2021, March

Published: 24 September 2020

Producer prices for manufactured products fell by 4.1 per cent from August last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 4.1 per cent from August 2019 to August 2020. The producer prices for manufactured products sold on the domestic market declined by 2.9 per cent, while the producer prices of export products fell by 5.4 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–08/2020

Producer Price Index (PPI) 2015=100, 1/2015–08/2020
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 iron and steel from August 2019.

The export price index fell by 5.4 per cent and the import price index by 5.9 per cent in the year. The basic price index for domestic supply went down by 3.3 per cent. The basic price index for domestic supply including taxes fell by 2.7 per cent.

The decrease in the export price index was in particular affected by lower prices of oil products, pulp, paper, paperboard and cardboard, as well as iron and steel compared to August last year. The fall in the import price index was in turn especially caused by lower prices of oil products, chemicals and chemical products.

From July to August, producer prices for manufactured products rose by 0.8 per cent. Producer prices were particularly boosted by the increase in prices of electricity compared with the previous month.

Producer Price Indices 2015=100, August 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 101.4 0.8 -4.1
- Producer Price Index, domestic goods 102.5 2.1 -2.9
- Producer Price Index, export goods 100.3 -0.6 -5.4
Export Price Index 100.0 -0.6 -5.4
Import Price Index 101.2 0.0 -5.9
Basic Price Index for Domestic Supply 103.9 0.9 -3.3
Basic Price Index for Domestic Supply, incl. taxes 104.6 1.4 -2.7

Producer Price Indices 1949=100, August 2020

  Index Monthly change, % Annual change, %
Production Price Index 1951 0.8 -4.1
Export Price Index 1660 -0.6 -5.4
Import Price Index 1552 0.0 -5.9
Wholesale Price Index 2315 1.4 -2.7

Source: Producer Price Index 2020, August. Statistics Finland

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

Head of Department in charge: Mari Ylä-Jarkko

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Updated 24.9.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. August 2020. Helsinki: Statistics Finland [referred: 9.5.2021].
Access method: http://www.stat.fi/til/thi/2020/08/thi_2020_08_2020-09-24_tie_001_en.html