Producer prices of agricultural products grew briskly in the first quarter of 2022

Statistics:

Index of producer prices of agricultural products

Reference period:

2022, 1st quarter

Published:

16/05/2022

Next release:

15/08/2022

Publication type:

release

According to Statistics Finland, the producer prices of agricultural products rose by 18 per cent in the first quarter of 2022. The prices of vegetable products went up by 27 per cent and those of meat and animal products by good 12 per cent. The lowest grain crop in the 2000s, rising energy prices in the aftermath of the pandemic, increased production costs as a result of the Russian attack on Ukraine, and endangering the future grain crop in Ukraine are the main reasons for the hefty rise in producer prices. Prices last rose as sharply as this in 2012 globally as a result of poor crop yields.

Index of producer prices of agricultural products 2015=100, 2022Q1*

	Index point	Quarterly change, %	Yearly change, %
CROP OUTPUT	153.3	12.7	26.8
ANIMAL OUTPUT	110.8	6.0	12.4
AGRICULTURAL GOODS OUTPUT	125.1	8.7	17.9
AGRICULTURAL GOODS OUTPUT, without fur skins	128.8	9.9	17.9

Key points

Producer prices of agricultural products rose by 18 per cent in the first quarter of 2022.
The producer price of grain rose by 74 per cent in the first quarter of 2022.
The producer price of meat rose by nine per cent in the first quarter of 2022.
The producer price of milk rose by 15 per cent in the first quarter of 2022.

Tables

See key statistical data in the tables.

16.05.2022

Index of producer prices of agricultural products, 2022Q1*

	Index of Producer Prices of Agricultural Products (2015=100)	Index of Producer Prices of Agricultural Products quarterly change (2015=100)	Index of Producer Prices of Agricultural Products yearly change (2015=100)
010000 CEREALS (including seeds)	205.8	19.9	73.9
011000 Wheat and spelt	198.0	17.5	55.4
012000 Rye and meslin	112.6	7.1	23.4
013000 Barley	211.3	18.3	80.8
014000 Oats and summer cereal mixtures	221.5	26.3	94.8
020000 INDUSTRIAL CROPS	142.6	14.6	31.5
030000 FORAGE PLANTS	97.5	-0.3	-0.5
040000 VEGETABLES AND HORTICULTURAL PRODUCTS	137.4	8.6	9.5
050000 POTATOES (including seeds)	107.3	8.7	0.9
060000 FRUITS	111.1	1.9	-16.2
100000 CROP OUTPUT (010000 TO 090000), including fruits (060000) and vegetables (040000)	153.3	12.7	26.8
101000 CROP OUTPUT (010000 TO 090000), excluding fruits (060000) and vegetables (040000)	177.3	17.6	55.3
110000 ANIMALS	114.0	5.4	9.2
111000 Cattle	115.8	2.8	5.9
112000 Pigs	116.4	7.0	10.7
115000 Poultry	106.8	6.7	11.5
120000 ANIMAL PRODUCTS	108.9	6.4	14.4
121000 Milk	115.4	10.3	14.5
122000 Eggs	108.3	2.0	4.2
129000 Other animal products	89.7	-5.3	17.4
130000 ANIMAL OUTPUT (110000+120000)	110.8	6.0	12.4
13000x ANIMAL OUTPUT (110000+120000), without fur skins	114.3	7.8	11.7
140000 AGRICULTURAL GOODS OUTPUT (100000+130000), including fruits (060000) and vegetables (040000)	125.1	8.7	17.9
14000x AGRICULTURAL GOODS OUTPUT (100000+130000), including fruits (060000) and vegetables (040000), without fur skins	128.8	9.9	17.9
141000 AGRICULTURAL GOODS OUTPUT (101000+130000), excluding fruits (060000) and vegetables (040000)	123.3	8.9	21.5