Home > Statistics > Producer price indices > 2021 > May > Producer prices for manufactured products grew by 11.2 per cent from May last year

Published: 24 June 2021

Producer prices for manufactured products grew by 11.2 per cent from May last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 11.2 per cent from May 2020 to May 2021. Producer prices for manufactured products sold on the domestic market rose by 11.0 per cent, while the producer prices of export products went up by 11.4 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–05/2021

The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, basic metals and electricity from last year's May.

The export price index rose by 11.5 per cent and the import price index by 12.1 per cent in the year. The basic price index for domestic supply went up by 8.8 per cent. The basic price index for domestic supply including taxes rose by 8.3 per cent.

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

From April to May, producer prices for manufactured goods went up by 2.3 per cent. Producer prices were particularly boosted by the risen prices of basic metals compared with the previous month.

Producer Price Indices 2015=100, May 2021

	Index	Monthly change, %	Annual change, %
Producer Price Index, total	110.0	2.3	11.2
- Producer Price Index, domestic goods	109.8	2.5	11.0
- Producer Price Index, export goods	110.2	2.1	11.4
Export Price Index	110.0	2.1	11.5
Import Price Index	111.2	1.6	12.1
Basic Price Index for Domestic Supply	110.8	1.5	8.8
Basic Price Index for Domestic Supply, incl. taxes	110.5	1.2	8.3

Producer Price Indices 1949=100, May 2021

	Index	Monthly change, %	Annual change, %
Production Price Index	2116	2.3	11.2
Export Price Index	1826	2.1	11.5
Import Price Index	1705	1.6	12.1
Wholesale Price Index	2445	1.2	8.3

Source: Producer Price Index 2021, May. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Ville Auno 029 551 3023, Leevi Ahonen 029 551 3760, thi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Producer Price Indices 2015=100, index numbers and year-on-year changes, May 2021 (24.6.2021)
• Appendix table 2. Producer Price Indices 1949=100, May 2021 (24.6.2021)
• Appendix table 3. Producer Price Index 2015=100 (CPA 2015), May 2021 (24.6.2021)
• Appendix table 4. Producer Price Index 2015=100 (MIG), May 2021 (24.6.2021)
• Appendix table 5. Export Price Index 2015=100 (CPA 2015), May 2021 (24.6.2021)
• Appendix table 6. Export Price Index 2015=100 (MIG), May 2021 (24.6.2021)
• Appendix table 7. Import Price Index 2015=100 (CPA 2015), May 2021 (24.6.2021)
• Appendix table 8. Import Price Index 2015=100 (MIG), May 2021 (24.6.2021)
• Appendix table 9. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), May 2021 (24.6.2021)
• Appendix table 10. Basic Price Index for Domestic Supply 2015=100 (MIG), May 2021 (24.6.2021)
• Appendix table 11. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), including taxes, May 2021 (24.6.2021)
• Appendix table 12. Basic Price Index for Domestic Supply 2015=100 (MIG), including taxes, May 2021 (24.6.2021)
• Appendix table 13. Production Price Index 1949=100 (SITC), May 2021 (24.6.2021)
• Appendix table 14. Production Price Index 1949=100 (ISIC), May 2021 (24.6.2021)
• Appendix table 15. Export Price Index 1949=100, May 2021 (24.6.2021)
• Appendix table 16. Import Price Index 1949=100, May 2021 (24.6.2021)
• Appendix table 17. Wholesale Price Index 1949=100, May 2021 (24.6.2021)
• Appendix table 18. Producer Price Index 2010=100, May 2021 (24.6.2021)
• Appendix table 19. Export Price Index 2010=100, May 2021 (24.6.2021)
• Appendix table 20. Import Price Index 2010=100, May 2021 (24.6.2021)
• Appendix table 21. Basic Price Index for Domestic Supply 2010=100, May 2021 (24.6.2021)
• Appendix table 22. Basic Price Index for Domestic Supply 2010=100, including taxes, May 2021 (24.6.2021)
• Appendix table 23. Producer Price Indices for Services 2015=100, BtoAll, 1st quarter 2021 (24.6.2021)
• Appendix table 24. Producer Price Index, international comparison (24.6.2021)
• Appendix table 25. Wood pellet, consumer price (24.6.2021)
• Appendix table 26. Basic Price Index for Domestic Supply 2000=100 (NACE-TOL 2002), May 2021 (24.6.2021)

Quality descriptions

• Quality Description of Producer Price Indices 2015=100 (24.6.2021)

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Updated 24.06.2021