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Published: 24 August 2015

Producer prices for manufactured products fell by 1.1 per cent from July last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 1.1 per cent from July 2014 to July 2015. The producer prices for manufactured products sold on the domestic market went down by 1.7 per cent, while the producer prices of export products fell by 0.4 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–7/2015

Producer Price Index (PPI) 2010=100, 1/2010–7/2015
The fall in the producer prices for manufactured products was particularly caused by reductions in the prices of oil products and food products from July 2014. The fall in producer prices was slowed down especially by higher prices of paper and paper board products.

The export price index fell by 0.3 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 3.0 per cent. The Basic Price Index for Domestic Supply including taxes fell by 2.7 per cent.

Export prices were in particular depressed by the falling prices of oil products from July 2014. The fall in prices was slowed down especially by higher prices of paper and paper board products. The fall in import prices was in turn especially caused by lower prices of oil products and manufacturing of basic metals compared with the previous year's July. The fall in prices was slowed down, in particular, by higher prices of electronic appliances.

From June to July, producer prices for manufactured products rose by 0.1 per cent. The rise was mainly due to increased prices of electricity from the previous month.

Producer Price Indices 2010=100, July 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 104.8 0.1 -1.1
- Producer Price Index, domestic goods 106.7 0.2 -1.7
- Producer Price Index, export goods 102.5 0.0 -0.4
Export Price Index 102.6 0.0 -0.3
Import Price Index 101.5 -0.7 -6.0
Basic Price Index for Domestic Supply 105.8 -0.3 -3.0
Basic Price Index for Domestic Supply, incl. taxes 108.7 -0.2 -2.7

Producer Price Indices 1949=100, July 2015

  Index Monthly change, % Annual change, %
Production Price Index 1932 0.1 -1.1
Export Price Index 1675 0.0 -0.3
Import Price Index 1515 -0.7 -6.0
Wholesale Price Index 2187 -0.2 -2.7

Source: Producer Price Index 2015, July. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Updated 24.8.2015

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. July 2015. Helsinki: Statistics Finland [referred: 29.3.2024].
Access method: http://www.stat.fi/til/thi/2015/07/thi_2015_07_2015-08-24_tie_001_en.html