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Published: 24 January 2018

Producer prices for manufactured products grew by 3.0 per cent from December last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 3.0 per cent from December 2016 to December 2017. Producer prices for manufactured products sold on the domestic market rose by 2.6 per cent, while the producer prices of export products went up by 3.6 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–12/2017

Producer Price Index (PPI) 2010=100, 1/2010–12/2017
The rise in the producer prices for manufactured products was particularly caused by increased prices of manufacturing of basic metals, chemicals and chemical products, as well as metal products (excl. machinery and equipment) from December 2016. However, the rising of producer prices were curbed particularly by fallen prices of electricity and paper, paperboard and cardboard.

The Export Price Index rose by 3.5 per cent and the Import Price Index by 6.0 per cent in the year. The Basic Price Index for Domestic Supply went up by 4.0 per cent. The Basic Price Index for Domestic Supply including taxes went up by 3.9 per cent.

Export prices were, in particular, boosted by the higher prices of manufacturing of basic metals and chemicals and chemical products from December last year. The rising of the prices was curbed particularly by fallen prices of paper, paperboard and cardboard. The rise in import prices was, in turn, especially caused by higher prices of oil products and metal ores compared with last year's December. The rising of the prices was curbed above all by falls in the prices of hard coal.

From November to December, producer prices for manufactured products went up by 0.2 per cent. The rise was mainly due to higher prices of metal products (excl. machinery and equipment) from the month before.

Producer Price Indices 2010=100, December 2017

  Index Monthly change, % Annual change, %
Producer Price Index, total 106.7 0.2 3.0
- Producer Price Index, domestic goods 108.6 0.5 2.6
- Producer Price Index, export goods 104.5 -0.1 3.6
Export Price Index 104.5 -0.1 3.5
Import Price Index 108.6 0.7 6.0
Basic Price Index for Domestic Supply 110.6 0.5 4.0
Basic Price Index for Domestic Supply, incl. taxes 113.9 0.5 3.9

Producer Price Indices 1949=100, December 2017

  Index Monthly change, % Annual change, %
Production Price Index 1967 0.2 3.0
Export Price Index 1705 -0.1 3.5
Import Price Index 1621 0.7 6.0
Wholesale Price Index 2291 0.5 3.9

Source: Producer Price Index 2017, December. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Antti Kytönen 029 551 3475, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.1.2018

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. December 2017. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/thi/2017/12/thi_2017_12_2018-01-24_tie_001_en.html