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Published: 25 June 2018

Producer prices for manufactured products grew by 4.9 per cent from May last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 4.9 per cent from May 2017 to May 2018. Producer prices for manufactured products sold on the domestic market rose by 3.2 per cent, while the producer prices of export products went up by 6.7 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–5/2018

Producer Price Index (PPI) 2015=100, 1/2015–5/2018
The rise in the producer prices for manufactured products was particularly caused by increased prices of oil products, pulp, paper, paperboard and cardboard and chemicals and chemical products from May 2017.

The Export Price Index rose by 6.5 per cent and the Import Price Index by 7.1 per cent in the year. The Basic Price Index for Domestic Supply went up by 4.9 per cent. The Basic Price Index for Domestic Supply including taxes went up by 4.7 per cent.

Export prices were, in particular, raised by higher prices of oil products, pulp, paper, paperboard and cardboard compared to May 2017. The rise was held back by, for example, fallen prices of electronic appliances. The rise in import prices was, in turn, especially caused by higher prices of oil products and waste compared with last year's May. The rising of the prices was curbed above all by falls in the prices of electronic appliances.

From April to May, producer prices for manufactured products rose by 1.2 per cent. The rise was mainly due to increased prices of oil products from the previous month.

Producer Price Indices 2015=100, May 2018

  Index Monthly change, % Annual change, %
Producer Price Index, total 105.6 1.2 4.9
- Producer Price Index, domestic goods 103.7 0.7 3.2
- Producer Price Index, export goods 107.7 1.7 6.7
Export Price Index 107.5 1.7 6.5
Import Price Index 110.3 2.1 7.1
Basic Price Index for Domestic Supply 106.7 1.2 4.9
Basic Price Index for Domestic Supply, incl. taxes 106.4 1.2 4.7

Producer Price Indices 1949=100, May 2018

  Index Monthly change, % Annual change, %
Production Price Index 2032 1.2 5.1
Export Price Index 1784 1.7 6.6
Import Price Index 1691 2.1 7.7
Wholesale Price Index 2356 1.2 5.1

Source: Producer Price Index 2018, May. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Youssef Zad 029 551 3058, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 25.06.2018

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2018. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/thi/2018/05/thi_2018_05_2018-06-25_tie_001_en.html