Published: 24 April 2020
Producer prices for services grew by 1.1 per cent year-on-year in January to March
According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.1 per cent in the first quarter of 2020. Compared to the previous quarter, producer prices for services rose by 0.4 per cent.
Producer Price Indices for Services 2015=100, I/2015–I/2020
Producer prices for services were pushed up particularly by higher prices of rents of dwellings and human health services from one year ago. The price increase was also affected by higher prices of food services and freight transport by road. The rise in the prices was held back by fallen prices of renting services of construction machinery and equipment, as well as telecommunications, 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 business and management consulting 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 human health 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), 1st quarter 2020
Services by activity | Point figure | Quarterly change,% | Annual change,% |
TOTAL INDEX | 105.9 | 0.4 | 1.1 |
H TRANSPORTATION AND STORAGE SERVICES | 105.2 | 0.2 | 0.8 |
I ACCOMMODATION AND FOOD SERVICES | 109.2 | 0.1 | 1.0 |
J INFORMATION AND COMMUNICATION SERVICES | 105.0 | -0.1 | 0.4 |
L REAL ESTATE SERVICES | 106.6 | 0.2 | 1.4 |
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES | 105.8 | 0.1 | 1.2 |
N ADMINISTRATIVE AND SUPPORT SERVICES | 100.2 | 0.0 | 0.1 |
P EDUCATION SERVICES | 106.0 | -0.7 | 0.4 |
Q HUMAN HEALTH AND SOCIAL WORK SERVICES | 113.2 | 3.4 | 3.5 |
R ARTS, ENTERTAINMENT AND RECREATION SERVICES | 106.5 | 1.0 | 2.2 |
S OTHER SERVICES | 106.1 | 0.8 | 1.7 |
Producer Price Indices for Services currently cover about 60 per cent of the market services.
Weight structure of Producer Price Index for Services updated
Producer Price Index for Services is an annual chain index, i.e. the weight structure of the index is updated annually, always in the first quarter of each year. The weight structures are formed using the latest available National Accounts data. The latest data from the supply and use tables of the National Accounts concerned the year 2016. These data were raised with two-digit level data for 2018 from the National Accounts. In addition to the weight structure, product categories and the enterprise sample were also updated.
Updating the weight structure and sample improves the quality of the index, because with their help, structural changes in service industries can be taken into account faster.
Source: Producer Price Indices for Services 2020, 1st quarter. Statistics Finland
Inquiries: Ville Markkanen 029 551 3023, pthi.tilastokeskus@stat.fi
Director in charge: Jan Nokkala
Publication in pdf-format (328.2 kB)
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Appendix tables
- Appendix table 1. Producer Price Indices for Services 2015=100, total (BtoAll), 1st quarter 2020 (24.4.2020)
- Appendix table 2. Producer Price Indices for Services 2015=100, services to enterprises and public sector (BtoB), 1st quarter 2020 (24.4.2020)
- Appendix table 3. Producer Price Indices for Services 2015=100, services to households (BtoC), 1st quarter 2020 (24.4.2020)
- Appendix table 4. Producer Price Indices for Services 2010=100, services to enterprises and public sector (BtoB), 1st quarter 2020 (24.4.2020)
- Quality descriptions
Updated 24.04.2020
Official Statistics of Finland (OSF):
Producer price indices for services [e-publication].
ISSN=1798-3940. 1st quarter 2020. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/pthi/2020/01/pthi_2020_01_2020-04-24_tie_001_en.html