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Published: 23 December 2015

Producer prices for manufactured products fell by 3.0 per cent from November last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 3.0 per cent from November 2014 to November 2015. The producer prices for manufactured products sold on the domestic market and the producer prices of export products went down by 3.0 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–11/2015

Producer Price Index (PPI) 2010=100, 1/2010–11/2015
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products and manufacturing of basic metals from November 2014. The fall in producer prices was slowed down especially by higher prices of paper and paper board products.

The export price index fell by 2.9 per cent and the import price index by 6.6 per cent in the year. The Basic Price Index for Domestic Supply went down by 3.6 per cent. The Basic Price Index for Domestic Supply including taxes fell by 2.9 per cent.

Export prices were in particular depressed by the falling prices of oil products and manufacturing of basic metals from November 2014. The fall in prices was slowed down especially by higher prices of paper and paper board products. The fall in import prices was in turn especially caused by lower prices of oil products and manufacturing of basic metals compared with the previous year's November. The fall in prices was slowed down, in particular, by higher prices of electronic appliances.

From October to November, producer prices for manufactured products fell by 0.3 per cent. The drop was mainly due to lower prices of manufacturing of basic metals from the previous month.

Producer Price Indices 2010=100, November 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 102.1 -0.3 -3.0
- Producer Price Index, domestic goods 104.5 -0.2 -3.0
- Producer Price Index, export goods 99.3 -0.4 -3.0
Export Price Index 99.4 -0.4 -2.9
Import Price Index 97.7 -0.5 -6.6
Basic Price Index for Domestic Supply 103.5 -0.2 -3.6
Basic Price Index for Domestic Supply, incl. taxes 106.8 -0.1 -2.9

Producer Price Indices 1949=100, November 2015

  Index Monthly change, % Annual change, %
Production Price Index 1883 -0.3 -3.0
Export Price Index 1622 -0.4 -2.9
Import Price Index 1458 -0.5 -6.6
Wholesale Price Index 2148 -0.1 -2.9

Source: Producer Price Index 2015, November. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 23.12.2015

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. November 2015. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/thi/2015/11/thi_2015_11_2015-12-23_tie_001_en.html