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Published: 24 January 2014

Producer prices for manufactured products fell by 0.8 per cent in December

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.8 per cent from December 2012 to December 2013. The producer prices for manufactured products sold on the domestic market went down by 0.3 per cent, while the producer prices of export products fell by 1.4 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2013:12

Producer Price Index (PPI) 2010=100, 2010:01–2013:12
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, manufacturing of basic metals and chemicals and chemical products from last year's December. The falling of producer prices was curbed particularly by higher prices of district heat, machinery and equipment, and wood.

The Export Price Index fell by 1.5 per cent and the Import Price Index by 2.6 per cent in the year. The Basic Price Index for Domestic Supply went down by 0.9 per cent. The Basic Price Index for Domestic Supply including taxes went up by 0.1 per cent.

Export prices were in particular depressed by the falling prices of manufacturing of basic metals and oil products from December 2012. The falling of the prices was curbed particularly by higher prices of machinery and equipment and paper and paper products. The fall in import prices was especially caused by lower prices of manufacturing of basic metals and crude oil compared with last year's December. The fall in the prices was particularly curbed by risen prices of food.

From November to December, producer prices for manufactured products fell by 0.1 per cent. The fall was mainly due to decreased prices of electricity, and paper and board products.

Producer Price Indices 2010=100

  Index 2013:12 2013:11 - 2013:12, % 2012:12 - 2013:12, %
Producer Price Index, total 105.7 -0.1 -0.8
- Producer Price Index, domestic goods 108.5 -0.1 -0.3
- Producer Price Index, export goods 102.3 -0.1 -1.4
Export Price Index 102.5 -0.1 -1.5
Import Price Index 107.2 0.1 -2.6
Basic Price Index for Domestic Supply 108.9 0.0 -0.9
Basic Price Index for Domestic Supply, incl. taxes 111.3 0.0 0.1

Producer Price Indices 1949=100

  Index 2013:12 2013:11 - 2013:12, % 2012:12 - 2013:12, %
Production Price Index 1949 -0.1 -0.8
Export Price Index (fob) 1673 -0.1 -1.5
Import Price Index (cif) 1600 0.1 -2.6
Wholesale Price Index 2240 0.0 0.1

Source: Producer Price Index 2013, December. Statistics Finland

Inquiries: Anni Huuskonen 09 1734 2992, Mervi Nyfors 09 1734 3480, Merja Pokela 09 1734 3283, Anna-Riikka Pitkänen 09 1734 3466, thi.tilastokeskus@stat.fi

Director in charge: Leena Storgårds

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Updated 24.1.2014

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. December 2013. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/thi/2013/12/thi_2013_12_2014-01-24_tie_001_en.html