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Latest publication: Producer price indices 2022, February

Published: 26 April 2021

Producer prices for manufactured products grew by 6.7 per cent from March last year

According to Statistics Finland, producer prices for manufactured products went up by an average of 6.7 per cent from March 2020 to March 2021. The producer prices for manufactured products sold on the domestic market rose by 6.5 per cent, while the producer prices of export products went up by 6.9 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–03/2021

Producer Price Index (PPI) 2015=100, 1/2015–03/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, electricity and basic metals from last year's March.

The export price index rose by 6.9 per cent and the import price index by 7.7 per cent in the year. The basic price index for domestic supply went up by 5.3 per cent. The basic price index for domestic supply including taxes rose by 5.3 per cent.

The rise in the export price index was especially due to higher prices of oil products and basic metals from last year’s March. The fall in the import price index was, in turn, especially caused by increased prices of crude oil and oil products and basic metals.

From February to March, producer prices for manufactured goods rose by 1.4 per cent. Producer prices were particularly boosted by the risen prices of oil products compared with the previous month.

Producer Price Indices 2015=100, March 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 107.0 1.4 6.7
- Producer Price Index, domestic goods 107.1 0.8 6.5
- Producer Price Index, export goods 107.0 2.1 6.9
Export Price Index 106.7 2.1 6.9
Import Price Index 108.8 1.4 7.7
Basic Price Index for Domestic Supply 108.8 0.9 5.3
Basic Price Index for Domestic Supply, incl. taxes 108.8 0.7 5.3

Producer Price Indices 1949=100, March 2021

  Index Monthly change, % Annual change, %
Production Price Index 2058 1.4 6.6
Export Price Index 1771 2.1 6.9
Import Price Index 1669 1.4 7.7
Wholesale Price Index 2409 0.7 5.3

Source: Producer Price Index 2021, March. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Ville Auno 029 551 3023, thi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 26.04.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. March 2021. Helsinki: Statistics Finland [referred: 24.5.2022].
Access method: http://www.stat.fi/til/thi/2021/03/thi_2021_03_2021-04-26_tie_001_en.html