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Latest publication: Producer price indices 2022, February

Published: 24 August 2021

Producer prices for manufactured products grew by 14.8 per cent from July last year

According to Statistics Finland, producer prices for manufactured products went up by an average of 14.8 per cent from July 2020 to July 2021. The producer prices for manufactured products sold on the domestic market rose by 14.9 per cent, while the producer prices of export products went up by 14.8 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–7/2021

Producer Price Index (PPI) 2015=100, 1/2015–7/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, basic metals, and timber from last year's July.

The export price index rose by 14.9 per cent and the import price index by 15.1 per cent in the year. The basic price index for domestic supply went up by 11.2 per cent. The basic price index for domestic supply including taxes rose by 10.3 per cent.

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

From June to July, producer prices for manufactured goods rose by 3.4 per cent. Producer prices were particularly boosted by the risen prices of timber and basic metals compared with the previous month.

Producer Price Indices 2015=100, July 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 115.5 3.4 14.8
- Producer Price Index, domestic goods 115.4 3.4 14.9
- Producer Price Index, export goods 115.8 3.4 14.8
Export Price Index 115.6 3.4 14.9
Import Price Index 116.5 2.7 15.1
Basic Price Index for Domestic Supply 114.6 2.0 11.2
Basic Price Index for Domestic Supply, incl. taxes 113.8 1.9 10.3

Producer Price Indices 1949=100, July 2021

  Index Monthly change, % Annual change, %
Production Price Index 2223 3.4 14.8
Export Price Index 1919 3.3 14.9
Import Price Index 1786 2.7 15.1
Wholesale Price Index 2519 1.9 10.3

Source: Producer Price Index 2021, July. 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 24.08.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. July 2021. Helsinki: Statistics Finland [referred: 25.5.2022].
Access method: http://www.stat.fi/til/thi/2021/07/thi_2021_07_2021-08-24_tie_001_en.html