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Published: 23 December 2021

Producer prices for manufactured products grew by 21.1 per cent from November last year

According to Statistics Finland, producer prices for manufactured products went up by an average of 21.1 per cent from November 2020 to November 2021. Producer prices for manufactured products sold on the domestic market rose by 20.2 per cent, while the producer prices of export products went up by 22 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–11/2021

Producer Price Index (PPI) 2015=100, 1/2015–11/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, basic metals, paper and paper products from last year's November.

The export price index rose by 22.1 per cent and the import price index by 25.2 per cent in the year. The basic price index for domestic supply went up by 17 per cent. The basic price index for domestic supply including taxes rose by 14.7 per cent.

The rise in the export price index was especially due to higher prices of basic metals, oil products, paper and paper products from last year’s November. 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 October to November, producer prices for manufactured goods rose by 0.9 per cent. Producer prices were particularly boosted by the risen prices of basic metals and electricity compared with the previous month.

Producer Price Indices 2015=100, November 2021

Index Monthly change, % Annual change, %
Producer Price Index, total 122.5 0.9 21.1
- Producer Price Index, domestic goods 122.3 1.7 20.2
- Producer Price Index, export goods 122.8 0.1 22.0
Export Price Index 122.5 0.1 22.1
Import Price Index 126.0 2.2 25.2
Basic Price Index for Domestic Supply 121.2 1.5 17.0
Basic Price Index for Domestic Supply, incl. taxes 119.3 1.4 14.7

Producer Price Indices 1949=100, November 2021

Index Monthly change, % Annual change, %
Production Price Index 2357 0.9 21.1
Export Price Index 2034 0.1 22.1
Import Price Index 1932 2.2 25.2
Wholesale Price Index 2641 1.4 14.7

Source: Producer Price Index 2021, November. 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 23.12.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. November 2021. Helsinki: Statistics Finland [referred: 31.12.2024].
Access method: http://www.stat.fi/til/thi/2021/11/thi_2021_11_2021-12-23_tie_001_en.html