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Purchase prices of the means of agricultural production rose by 30 per cent in the third quarter of 2022

release | Index of purchase prices of the means of agricultural production 2022, 3rd quarter

Change

Publication of price indices for agriculture will be advanced by 10 days in 2023.
Read more about the change

According to Statistics Finland, the purchase prices of the means of agricultural production rose by 30 per cent in the third quarter of 2022. Agricultural production commodities and services cost 38 per cent more and investments 11 per cent more than one year ago. The reason behind the rise in prices is the normalisation of demand after the pandemic and the energy crisis caused by the Russian aggressive war. The rise in prices faced by farmers is clearly higher than the general inflation, which was close on eight per cent in the third quarter of 2022.

Index of purchase prices of the means of agricultural production 2015=100, 2022Q3

Key selections

  • The purchase prices of the means of agricultural production rose by 30 per cent in the third quarter of 2022. 
  • Agricultural production commodities and services cost 38 per cent more and investments 11 per cent more in the third quarter of 2022 than one year previously. 
  • The reason behind the rise in agricultural purchase prices is the normalisation of demand after the pandemic and the energy crisis caused by the Russian aggression war. 
  • The rise in prices faced by farmers is clearly higher than the general inflation, which was close on eight per cent in the third quarter of 2022.

Change

Publication of price indices for agriculture will be advanced by 10 days in 2023.
Read more about the change

Figures

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Index of purchase prices of the means of agricultural production yearly change, 1995Q1-2022Q3

Tables

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Index of purchase prices of the means of agricultural production 2015=100, 2022Q3

Index of purchase prices of the means of agricultural production 2015=100, index forecast 2022

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Updated database tables
11gw
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Statistics:
Updated:
11gz
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Statistics:
Updated:
11h3
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Statistics:
Updated:
11h6
Classifications used:
  • Classification of Index of purchase prices of the means of agricultural production
Period:
quarter
Statistics:
Updated:

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Marianne Rautelin
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