Producer prices for services grew by 0.4 per cent year-on-year in October to December

According to Statistics Finland, the annual change in the Producer Price Index for Services was 0.4 per cent in the fourth quarter of 2020. Compared to the previous quarter, producer prices for services went down by 0.1 per cent.

Producer Price Indices for Services 2015=100, I/2015–IV/2020

Producer prices for services were pushed up particularly by higher prices of support services for transportation together with human health services from one year ago. The price increase was also affected by higher prices of rents of dwellings and food services. The rise in the prices was held back by fallen prices of telecommunications, as well as accommodation 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 support services for transportation from one year ago. The rise was held back by fallen prices of telecommunications, among other things. Producer prices for services for households (Business to Consumers, BtoC) were, in turn, pushed up particularly by higher prices of food services and human health services from one year ago. The rise was held back by, for example, lower prices of accommodation services.

Producer Price Indices for Services 2015=100, total (BtoAll), 4th quarter 2020

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	105.9	-0.1	0.4
H TRANSPORTATION AND STORAGE SERVICES	105.9	-0.3	0.8
I ACCOMMODATION AND FOOD SERVICES	108.6	0.4	-0.4
J INFORMATION AND COMMUNICATION SERVICES	103.6	0.0	-1.5
L REAL ESTATE SERVICES	107.3	0.3	0.9
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	105.1	-0.3	-0.6
N ADMINISTRATIVE AND SUPPORT SERVICES	101.2	-0.5	1.1
P EDUCATION SERVICES	107.3	1.0	0.5
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	113.6	0.0	3.8
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	105.2	0.2	-0.2
S OTHER SERVICES	107.0	0.0	1.7

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

Source: Producer Price Indices for Services 2020, 4th quarter. Statistics Finland

Inquiries: Ville Auno 029 551 3023, pthi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Quality descriptions

Quality Description of Producer Price Index for Services (25.1.2021)

Updated 25.01.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2020. Helsinki: Statistics Finland [referred: 26.11.2024].
Access method: http://www.stat.fi/til/pthi/2020/04/pthi_2020_04_2021-01-25_tie_001_en.html