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Latest publication: Producer price indices 2022, February

Published: 24 November 2020

Producer prices for manufactured products fell by 5.4 per cent from October last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 5.4 per cent from October 2019 to October 2020. The producer prices for manufactured products sold on the domestic market declined by 3.9 per cent, while the producer prices of export products fell by 7.1 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–10/2020

Producer Price Index (PPI) 2015=100, 1/2015–10/2020
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 October 2019.

The export price index fell by 7.1 per cent and the import price index by 6.6 per cent in the year. The basic price index for domestic supply went down by 3.6 per cent. The basic price index for domestic supply including taxes fell by 3.3 per cent.

The decrease in the export price index was particularly affected by lower prices of oil products, pulp, paper, paperboard and cardboard, as well as iron and steel compared to October last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of crude oil and oil products.

From September to October, producer prices for manufactured products went down by 0.2 per cent. Producer prices were particularly depressed by the drop in the prices of electricity compared with the previous month.

Producer Price Indices 2015=100, October 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 100.5 -0.2 -5.4
- Producer Price Index, domestic goods 101.5 -0.1 -3.9
- Producer Price Index, export goods 99.4 -0.3 -7.1
Export Price Index 99.1 -0.3 -7.1
Import Price Index 100.6 0.1 -6.6
Basic Price Index for Domestic Supply 103.4 -0.1 -3.6
Basic Price Index for Domestic Supply, incl. taxes 103.8 -0.3 -3.3

Producer Price Indices 1949=100, October 2020

  Index Monthly change, % Annual change, %
Production Price Index 1933 -0.2 -5.4
Export Price Index 1645 -0.3 -7.1
Import Price Index 1543 0.1 -6.6
Wholesale Price Index 2299 -0.3 -3.3

Source: Producer Price Index 2020, October. 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 24.11.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. October 2020. Helsinki: Statistics Finland [referred: 25.5.2022].
Access method: http://www.stat.fi/til/thi/2020/10/thi_2020_10_2020-11-24_tie_001_en.html