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Published: 24 January 2022

Producer prices for manufactured products grew by 23.3 per cent from December last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 23.3 per cent from December 2020 to December 2021. Producer prices for manufactured products sold on the domestic market rose by 24 per cent, while the producer prices of export products went up by 22.5 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–12/2021

Producer Price Index (PPI) 2015=100, 1/2015–12/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of electricity, basic metals and oil products from the previous year's December.

The export price index rose by 22.4 per cent and the import price index by 25.4 per cent in the year. The basic price index for domestic supply went up by 18.6 per cent. The basic price index for domestic supply including taxes rose by 16.6 per cent.

The rise in the export price index was especially due to higher prices of basic metals, oil products, and paper and paper products from the previous year’s December. The rise in the import price index was especially caused by higher prices of crude oil, chemicals and chemical products, and electricity.

From November to December, producer prices for manufactured products rose by 2.9 per cent. Producer prices were particularly boosted by the risen prices of electricity and chemicals and chemical products compared with the previous month.

Producer Price Indices 2015=100, December 2021

Index Monthly change, % Annual change, %
Producer Price Index, total 126.0 2.9 23.3
- Producer Price Index, domestic goods 127.8 4.5 24.0
- Producer Price Index, export goods 124.1 1.0 22.5
Export Price Index 123.8 1.0 22.4
Import Price Index 128.2 1.7 25.4
Basic Price Index for Domestic Supply 124.3 2.5 18.6
Basic Price Index for Domestic Supply, incl. taxes 122.8 3.0 16.6

Producer Price Indices 1949=100, December 2021

Index Monthly change, % Annual change, %
Production Price Index 2424 2.9 23.3
Export Price Index 2054 1.0 22.4
Import Price Index 1965 1.7 25.3
Wholesale Price Index 2719 3.0 16.6

Source: Producer Price Index 2021, 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 24.01.2022

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. December 2021. Helsinki: Statistics Finland [referred: 5.12.2022].
Access method: http://www.stat.fi/til/thi/2021/12/thi_2021_12_2022-01-24_tie_001_en.html