Published: 24 November 2021

Producer prices for manufactured products grew by 20.8 per cent from October last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 20.8 per cent from October 2020 to October 2021. Producer prices for manufactured products sold on the domestic market rose by 18.5 per cent, while the producer prices of export products went up by 23.4 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–10/2021

Producer Price Index (PPI) 2015=100, 1/2015–10/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of oil products, basic metals and timber than in October of the previous year.

The export price index rose by 23.5 per cent and the import price index by 22.6 per cent in the year. The basic price index for domestic supply went up by 15.5 per cent. The basic price index for domestic supply including taxes rose by 13.3 per cent.

The rise in the export price index was especially caused by higher prices of basic metals, oil products and paper and paper products than in October of the previous year. The rise in the import price index was, in turn, especially caused by higher prices of crude oil, chemicals and chemical products as well as basic metals.

From September to October, producer prices for manufactured products went up by 1.2 per cent. Producer prices were particularly boosted by the risen prices of oil products, basic metals and paper and paper products compared with the previous month.

Producer Price Indices 2015=100, October 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 121.3 1.2 20.8
- Producer Price Index, domestic goods 120.3 0.6 18.5
- Producer Price Index, export goods 122.6 1.9 23.4
Export Price Index 122.4 1.9 23.5
Import Price Index 123.3 3.4 22.6
Basic Price Index for Domestic Supply 119.4 1.6 15.5
Basic Price Index for Domestic Supply, incl. taxes 117.6 1.0 13.3

Producer Price Indices 1949=100, October 2021

  Index Monthly change, % Annual change, %
Production Price Index 2335 1.2 20.8
Export Price Index 2031 1.9 23.5
Import Price Index 1891 3.4 22.6
Wholesale Price Index 2604 1.0 13.3

Source: Producer Price Index 2021, October. 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 24.11.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. October 2021. Helsinki: Statistics Finland [referred: 8.12.2021].
Access method: http://www.stat.fi/til/thi/2021/10/thi_2021_10_2021-11-24_tie_001_en.html