Producer prices for services grew by 2.6 per cent year-on-year in October to December

According to Statistics Finland, the annual change in the Producer Price Index for Services was 2.6 per cent in the fourth quarter of 2021. Compared to the previous quarter, producer prices for services rose by 0.4 per cent.

Producer Price Indices for Services 2015=100, I/2015–IV/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 food services 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 warehousing and storage 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 renting services of construction 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 food services and human health services from one year ago. The rise was held back by, for example, lower prices of water transport services.

Producer Price Indices for Services 2015=100, total (BtoAll), 4th quarter 2021

Services by activity	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	108.7	0.4	2.6
H TRANSPORTATION AND STORAGE SERVICES	114.7	2.1	8.3
I ACCOMMODATION AND FOOD SERVICES	111.7	0.9	2.8
J INFORMATION AND COMMUNICATION SERVICES	104.3	0.5	0.7
L REAL ESTATE SERVICES	109.0	0.4	1.6
M PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES	106.0	-0.9	0.8
N ADMINISTRATIVE AND SUPPORT SERVICES	102.1	-0.2	0.8
P EDUCATION SERVICES	106.8	0.1	-0.5
Q HUMAN HEALTH AND SOCIAL WORK SERVICES	118.6	0.0	4.4
R ARTS, ENTERTAINMENT AND RECREATION SERVICES	108.2	0.5	2.8
S OTHER SERVICES	108.0	0.1	0.9

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

Source: Producer Price Indices for Services 2021, 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 (24.1.2022)

Updated 24.01.2022

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 4th quarter 2021. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/pthi/2021/04/pthi_2021_04_2022-01-24_tie_001_en.html