Published: 24 October 2017

Producer prices for services grew by 1.9 per cent year-on-year in July to September

According to Statistics Finland, producer prices for services went up by 1.9 per cent in the third quarter of 2017 from the corresponding quarter of the year before.

Producer Price Indices for Services 2010=100, I/2010–III/2017

Producer Price Indices for Services 2010=100, I/2010–III/2017

Producer prices for services were pushed up particularly by higher prices of business and management consulting services and freight transport by road from one year ago. The increase in the total index was also affected by higher prices of postal activities under universal service obligation, as well as architectural and engineering activities. The rise was held back by lower prices of, for example, renting of construction and civil engineering machinery and equipment and cargo handling.

Compared to the second quarter, producer prices for services went up by 0.3 per cent.

Producer Price Indices for Services 2010=100, 3rd quarter 2017

Industry Point figure Quarterly change,% Annual change,%
TOTAL INDEX 109.2 0.3 1.9
H Transportation and storage 106.3 -0.1 2.5
I Accommodation and food service activities 117.3 -1.1 2.9
J Information and communication 108.0 0.5 1.8
L Real estate activities 111.2 0.0 1.6
M Professional, scientific and technical activities 107.8 0.7 2.5
N Administrative and support service activities 115.7 0.6 0.0
P Education 115.2 0.4 1.1
Q Human health and social work activities 116.7 0.0 0.4
R Arts, entertainment and recreation 117.7 0.5 1.5
S Other service activities 112.9 -0.6 0.4

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 Indices for Services 2017, 3rd quarter. Statistics Finland

Inquiries: Susanna Tåg 029 551 2991, Satu Sitkiä-Vikholm 029 551 3424, Ville Markkanen 029 551 3023, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 3rd quarter 2017. Helsinki: Statistics Finland [referred: 17.12.2017].
Access method: http://www.stat.fi/til/pthi/2017/03/pthi_2017_03_2017-10-24_tie_001_en.html

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