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Latest publication: Producer price indices 2022, February

Published: 24 September 2021

Producer prices for manufactured products grew by 15.5 per cent from August last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 15.5 per cent from August 2020 to August 2021. Producer prices for manufactured products sold on the domestic market rose by 14.1 per cent, while the producer prices of export products went up by 17.1 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–8/2021

Producer Price Index (PPI) 2015=100, 1/2015–8/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of basic metals, oil products and timber from last year's August.

The export price index rose by 17.3 per cent and the import price index by 15.7 per cent in the year. The basic price index for domestic supply went up by 11.4 per cent. The basic price index for domestic supply including taxes rose by 9.8 per cent.

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

From July to August, producer prices for manufactured products rose by 1.4 per cent. Producer prices were particularly boosted by risen prices of timber and basic metals compared with the previous month.

Producer Price Indices 2015=100, August 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 117.2 1.4 15.5
- Producer Price Index, domestic goods 117.0 1.4 14.1
- Producer Price Index, export goods 117.4 1.4 17.1
Export Price Index 117.3 1.4 17.3
Import Price Index 117.1 0.5 15.7
Basic Price Index for Domestic Supply 115.8 1.1 11.4
Basic Price Index for Domestic Supply, incl. taxes 114.9 1.0 9.8

Producer Price Indices 1949=100, August 2021

  Index Monthly change, % Annual change, %
Production Price Index 2254 1.4 15.5
Export Price Index 1946 1.4 17.3
Import Price Index 1796 0.5 15.7
Wholesale Price Index 2543 1.0 9.9

Source: Producer Price Index 2021, August. 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 24.09.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. August 2021. Helsinki: Statistics Finland [referred: 25.5.2022].
Access method: http://www.stat.fi/til/thi/2021/08/thi_2021_08_2021-09-24_tie_001_en.html