Producer prices for services grew by 1.7 per cent year-on-year in July to September

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.7 per cent in the third quarter of 2018. Compared to the previous quarter, producer prices for services rose by 0.3 per cent.

Producer Price Indices for Services 2015=100, I/2015–III/2018

Producer prices for services were pushed up particularly by higher prices of freight transport by road and rents of dwellings from one year ago. The price increase was also affected by higher prices of technical services and food services. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as passenger transport services, for example.

Producer prices for services for enterprises and the public sector (Business to Business, BtoB) were boosted in particular by higher prices of freight transport by road and technical services from one year ago. The rise was held back by fallen prices of renting services of machinery and equipment, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of rents of dwellings and food services from one year ago. The rise was held back by, for example, lower prices of passenger transport services.

Producer Price Indices for Services 2015=100, total (BtoAll), 3rd quarter 2018

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	103.8	0.3	1.7
H TRANSPORTATION AND STORAGE SERVICES	103.1	0.6	2.7
I ACCOMMODATION AND FOOD SERVICES	106.8	0.7	2.5
J INFORMATION AND COMMUNICATION SERVICES	103.0	0.1	0.9
L REAL ESTATE SERVICES	104.4	0.4	1.5
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	103.9	0.2	1.7
N ADMINISTRATIVE AND SUPPORT SERVICES	101.4	0.0	-0.2
P EDUCATION SERVICES	105.3	5.0	4.7
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	105.8	0.0	2.3
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	103.3	-0.5	0.7
S OTHER SERVICES	103.4	-0.2	1.7

Producer Price Indices for Services currently cover about 60 per cent of the market services.

Source: Producer Price Indices for Services 2018, 3rd quarter. Statistics Finland

Inquiries: Susanna Tåg 029 551 2991, Satu Sitkiä-Vikholm 029 551 3424, Ville Markkanen 029 551 3023, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Quality descriptions

Quality Description of Producer Price Index for Services (24.10.2018)

Updated 24.10.2018

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 3rd quarter 2018. Helsinki: Statistics Finland [referred: 29.12.2024].
Access method: http://www.stat.fi/til/pthi/2018/03/pthi_2018_03_2018-10-24_tie_001_en.html