Producer prices for services grew by 1.6 per cent year-on-year in April to June

According to Statistics Finland, the annual change in the Producer Price Index for Services was 1.6 per cent in the second quarter of 2021. Compared to the previous quarter, producer prices for services rose by 0.7 per cent.

Producer Price Indices for Services 2015=100, I/2015–II/2021

Producer prices for services were pushed up particularly by higher prices of support services for transportation together with freight transport services by road from one year ago. The price increase was also affected by higher prices of rents of dwellings and human health services. 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 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 passenger transport services.

Producer Price Indices for Services 2015=100, total (BtoAll), 2nd quarter 2021

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	107.6	0.7	1.6
H TRANSPORTATION AND STORAGE SERVICES	111.4	2.1	4.6
I ACCOMMODATION AND FOOD SERVICES	109.6	0.2	1.7
J INFORMATION AND COMMUNICATION SERVICES	103.3	0.1	-0.6
L REAL ESTATE SERVICES	108.2	0.3	1.4
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	105.8	0.4	0.2
N ADMINISTRATIVE AND SUPPORT SERVICES	101.6	0.9	1.5
P EDUCATION SERVICES	106.4	-0.3	0.5
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	118.5	1.0	4.3
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	107.3	0.6	1.1
S OTHER SERVICES	107.7	0.5	1.1

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

Source: Producer Price Indices for Services 2021, 2nd 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 (26.7.2021)

Updated 26.07.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 2nd quarter 2021. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/pthi/2021/02/pthi_2021_02_2021-07-26_tie_001_en.html