Published: 24 July 2020

Producer prices for manufactured products fell by 4.4 per cent from June last year

According to Statistics Finland, producer prices for manufactured products went down by an average of 4.4 per cent from June 2019 to June 2020. The producer prices for manufactured products sold on the domestic market declined by 3.1 per cent, while the producer prices of export products fell by 5.8 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–06/2020

Producer Price Index (PPI) 2015=100, 1/2015–06/2020
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 iron and steel from June 2019.

The export price index fell by 5.8 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 3.2 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 June last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of oil products.

From May to June, producer prices for manufactured goods went up by 1.8 per cent. Producer prices increased particularly due to higher prices of oil products and electricity compared to the previous month.

Producer Price Indices 2015=100, June 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 100.7 1.8 -4.4
- Producer Price Index, domestic goods 101.1 2.2 -3.1
- Producer Price Index, export goods 100.3 1.3 -5.8
Export Price Index 100.0 1.3 -5.8
Import Price Index 100.7 1.5 -6.6
Basic Price Index for Domestic Supply 103.2 1.3 -3.6
Basic Price Index for Domestic Supply, incl. taxes 103.4 1.4 -3.2

Producer Price Indices 1949=100, June 2020

  Index Monthly change, % Annual change, %
Production Price Index 1937 1.8 -4.4
Export Price Index 1660 1.3 -5.8
Import Price Index 1544 1.5 -6.6
Wholesale Price Index 2290 1.4 -3.2

Source: Producer Price Index 2020, June. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, Anssi Peltola 029 551 3482, thi.tilastokeskus@stat.fi

Director in charge: Jan Nokkala

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Updated 24.7.2020

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. June 2020. Helsinki: Statistics Finland [referred: 3.8.2020].
Access method: http://www.stat.fi/til/thi/2020/06/thi_2020_06_2020-07-24_tie_001_en.html