A more recent publication of this set of statistics is available.

Latest publication: Producer price indices 2020, May

Published: 24 April 2020

Producer prices for manufactured products fell by 5.6 per cent from March last year

According to Statistics Finland, producer prices for manufactured products went down by an average of 5.6 per cent from March 2019 to March 2020. The producer prices for manufactured products sold on the domestic market declined by 5.0 per cent, while the producer prices of export products fell by 6.3 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–03/2020

Producer Price Index (PPI) 2015=100, 1/2015–03/2020
The drop in the producer prices for manufactured products was particularly attributable to fallen prices of oil products, pulp, paper, paperboard and cardboard, as well as electricity from March 2019.

The export price index fell by 6.4 per cent and the import price index by 7.0 per cent in the year. The basic price index for domestic supply went down by 3.9 per cent. The basic price index for domestic supply including taxes fell by 3.9 per cent.

The decrease in the export price index was in particular affected by lower prices of oil products, pulp, paper, paperboard and cardboard compared to March last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of oil products and electricity.

From February to March, producer prices for manufactured goods fell by 3.0 per cent. Producer prices were particularly depressed by the drop in the prices of oil products compared with the previous month.

Producer Price Indices 2015=100, March 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 100.3 -3.0 -5.6
- Producer Price Index, domestic goods 100.6 -2.0 -5.0
- Producer Price Index, export goods 100.1 -3.9 -6.3
Export Price Index 99.8 -4.0 -6.4
Import Price Index 101.0 -5.0 -7.0
Basic Price Index for Domestic Supply 103.4 -2.4 -3.9
Basic Price Index for Domestic Supply, incl. taxes 103.4 -2.3 -3.9

Producer Price Indices 1949=100, March 2020

  Index Monthly change, % Annual change, %
Production Price Index 1930 -2.9 -5.6
Export Price Index 1657 -4.0 -6.4
Import Price Index 1549 -5.0 -7.0
Wholesale Price Index 2288 -2.3 -3.9

Weight structures of producer price indices updated in January

Producer price indices are annual chain indices, i.e. the weight structure of the indices is updated annually in January. The latest available data from National Accounts, the statistics on industrial output and Finnish Customs’ statistics on foreign trade are used when preparing the weight structures. The latest data from the supply and use tables of National Accounts concerned the year 2015. In respect of domestic supply, imports and exports these were raised by using the 2-digit level data for 2017 that were available from National Accounts. The most detailed level product group and enterprise weights are based on data from the foreign trade statistics of Finnish Customs and statistics on industrial output for 2018. In addition to the weight structure, product categories and the enterprise sample have also been updated.

Updating of the weight structure and sample improve the quality of the indices, because with their help, structural changes in production, exports and imports can be taken into account faster.


Source: Producer Price Index 2020, March. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, thi.tilastokeskus@stat.fi

Director in charge: Jan Nokkala

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Updated 24.4.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. March 2020. Helsinki: Statistics Finland [referred: 10.7.2020].
Access method: http://www.stat.fi/til/thi/2020/03/thi_2020_03_2020-04-24_tie_001_en.html