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

Latest publication: Producer price indices 2021, February

Published: 25 January 2021

Producer prices for manufactured products fell by 2.9 per cent from December last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 2.9 per cent from December 2019 to December 2020. The producer prices for manufactured products sold on the domestic market declined by 1.5 per cent, while the producer prices of export products fell by 4.5 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–12/2020

Producer Price Index (PPI) 2015=100, 1/2015–12/2020
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 December 2019.

The export price index fell by 4.4 per cent and the import price index by 6.0 per cent in the year. The basic price index for domestic supply went down by 2.5 per cent. The basic price index for domestic supply including taxes fell by 1.9 per cent.

The decrease in the export price index was particularly affected by lower prices of oil products, pulp, paper, paperboard and cardboard, as well as iron and steel compared to December last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of crude oil and oil product.

From November to December, producer prices for manufactured products went up by 1.0 per cent. Producer prices were particularly boosted by the increase in the price of electricity compared with the previous month.

Producer Price Indices 2015=100, December 2020

  Index Monthly change, % Annual change, %
Producer Price Index, total 102.2 1.0 -2.9
- Producer Price Index, domestic goods 103.1 1.3 -1.5
- Producer Price Index, export goods 101.3 0.6 -4.5
Export Price Index 101.1 0.8 -4.4
Import Price Index 102.2 1.6 -6.0
Basic Price Index for Domestic Supply 104.7 1.1 -2.5
Basic Price Index for Domestic Supply, incl. taxes 105.3 1.2 -1.9

Producer Price Indices 1949=100, December 2020

  Index Monthly change, % Annual change, %
Production Price Index 1967 1.0 -2.9
Export Price Index 1678 0.8 -4.3
Import Price Index 1568 1.6 -6.0
Wholesale Price Index 2331 1.2 -1.9

Source: Producer Price Index 2020, December. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Ville Auno 029 551 3023, thi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 25.01.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. December 2020. Helsinki: Statistics Finland [referred: 13.4.2021].
Access method: http://www.stat.fi/til/thi/2020/12/thi_2020_12_2021-01-25_tie_001_en.html