Published: 24 July 2012
According to Statistics Finland, producer prices for services went up by 2.4 per cent in the second quarter of 2012 from the corresponding quarter of the year before.
Producer price index for services 2010=100 (TOL 2008), Q1/2010–Q2/2012
The rise in producer prices for services was especially due to higher prices of goods transport by road compared to the year before. The rising of prices was also influenced by increases in the rents of construction machinery and equipment, computer programming and consultancy as well as engineering activities. The rise in prices was curbed most by decreases in the prices of telecommunications.
From first to second quarter producer prices for services went up by 0.4 per cent. This was mainly due to higher prices of the rents of construction machinery and equipment.
Producer price index for services 2010=100 (TOL 2008), 2nd quarter 2012
|Industry||Point figure||Quarterly change,%||Yearly change,%|
|Total index (TOL 2008)||104.9||0.4||2.4|
|H Transportation and storage||107.5||0.6||3.0|
|I Accommodation and food service activities||106.3||-1.3||1.9|
|J Information and communication||102.0||-0.3||0.9|
|L Real estate activities||105.6||0.3||2.5|
|M Professional, scientific and technical activities||102.9||0.4||2.0|
|N Administrative and support service activities||109.0||1.5||5.2|
|Q Human health and social work activities||107.3||0.0||3.0|
|R Arts, entertainment and recreation||105.7||0.1||2.2|
|S Other service activities||105.2||0.2||3.3|
Producer price indices for services describe the price development in business services provided by enterprises to other enterprises and the public sector. The total index currently covers 57 per cent of the market services.
Source: Producer Price Index for Services 2012, 2nd quarter. Statistics Finland
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