Producer: Statistics Finland
Homepage: http://
tilastokeskus.fi/til/thi/index_en.html
Main topic: Prices and Costs
Related topics: National
AccountsManufacturingEnterprises
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes
The producer price indices measure the development of commodity prices from the perspective of enterprises. The producer price indices comprise five separately produced indices:
All the above indices measure price development differently because the used price concepts and the covered industries vary by index.
Producer price indices 2005=100 cover commodities of the following categories of the TOL 2008 industrial classification:
The producer price index for manufactured products covers categories B to E (from mining and quarrying to water supply, sewerage, waste management and remediation activities)
The export price index covers categories A to E (from agriculture, forestry and fishing to water supply, sewerage, waste management and remediation activities)
The import price index covers categories A to E (from agriculture, forestry and fishing to water supply, sewerage, waste management and remediation activities)
The wholesale price index covers categories A to E (from agriculture, forestry and fishing to water supply, sewerage, waste management and remediation activities)
The basic price index for domestic supply covers categories A to F (from agriculture, forestry and fishing to construction)
The producer price index for manufactured products measures average changes in the prices of goods sold by domestic producers. The index includes both goods sold at home and exported goods. The price used for goods intended for the domestic market is the factory price exclusive of taxes. The price for export goods is the price obtained by the exporter, which is usually the same as the f.o.b. (free on board) price of the exports.
The export price index measures development in the f.o.b. prices of export goods. Foreign-currency export prices are converted to euro using the mean rate for the statistical reference month.
The import price index measures development in the c.i.f. (cost, insurance and freight) prices of import goods. Foreign-currency import prices are converted to euro using the mean rate for the statistical reference month.
The basic price index for domestic supply measures development in the prices of goods used in Finland as they first enter the market. The index includes both domestic and imported goods. The price for domestic goods is the factory price exclusive of taxes. The price for imported goods is the c.i.f. price of the imports plus customs duties. The wholesale price index measures development in the purchase prices of goods used in Finland inclusive of taxes. The index includes both domestic and imported goods. The wholesale price index includes the value-added tax and other indirect taxes. Besides the value-added tax, indirect taxes comprise diverse excise taxes, and the motor car and motorcycle tax. The wholesale price for domestic goods comprises the factory price, value-added tax and other indirect taxes. The wholesale price of imported goods comprises the c.i.f. price of the imports, customs duties, value-added tax and other indirect taxes.
The main classification is the standard industrial classification of the European Union, NACE Rev. 2. At the commodity level the producer price indices use the 6-digit Finnish version of the European Union’s activity-oriented CPA classification of goods and services. In addition, commodities are classified by their intended use into energy products, raw materials and producer’s goods, investment goods, and durable and other consumer goods. The SITC (Standard International Trade Classification) is used in indices whose base year is 1949. In addition, the ISIC (International Standard Industrial Classification) is used in the producer price index for manufactured products 1949=100.
Most of the price data for the index calculations are collected from enterprises. Data from other price indices are also utilised. The number of price data items exceeds 5,000 overall, but varies by index.
The producer price index for manufactured products 2005=100 includes over 500 headings and approximately 2,700 items of price data. The export price index 2005=100 contains 350 headings and around 1,000 items of price data. The respective numbers for the import price index 2005=100 are 600 and around 2,500. The basic price index for domestic supply 2005=100 and the wholesale price index both comprise approximately 850 headings and over 4,000 items of price data.
All price data collected from enterprises and the enterprises which supply the data are confidential.
One month.
Published on the 17th day of the month following the statistical reference month or on the first working day following it.
The indices are usually reviewed at five-year intervals. The base year of the current indices is 2005=100. Older series can be found in Statistics Finland’s StatFin service on the Internet at: http://stat.fi/til/thi/tau.html. For further information about the indices, please contact Statistics Finland by email at: thi.tilastokeskus@stat.fi or by telephone at: +358 9 1734 / producer prices.
http://tilastokeskus.fi/til/thi/yht_en.html
The publication Producer Price Indices also contains price data on energy products in Finland and international comparisons of producer price indices.
Last updated 23.04.2009
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