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Published: 26 May 2014

Producer prices for manufactured products fell by 1.4 per cent in April

According to Statistics Finland, producer prices for manufactured products fell by an average of 1.4 per cent from April 2013 to April 2014. The producer prices for manufactured products sold on the domestic market went down by 1.4 per cent, while the producer prices of export products fell by 1.6 per cent.

Producer Price Index (PPI) 2010=100, 2010:01–2014:04

Producer Price Index (PPI) 2010=100, 2010:01–2014:04
Producer prices for manufactured products went down especially due to reductions in the prices of electricity, manufacturing of basic metals and oil products from last year's April. The fall in producer prices was slowed down in particular by higher prices of wood.

The Export Price Index fell by 1.8 per cent and the Import Price Index by 2.0 per cent in the year. The Basic Price Index for Domestic Supply went down by 1.4 per cent. The Basic Price Index for Domestic Supply including taxes went down by 1.1 per cent.

Export prices were in particular depressed by the falling prices of manufacturing of basic metals and paper, paperboard and cardboard from April 2013. The fall in the prices was particularly curbed by higher prices of wood. The fall in import prices was in turn caused by lower prices of chemicals and chemical products and electricity compared with April 2013. The fall in the prices was particularly curbed by risen prices of chocolate and confectionery.

From March to April, producer prices for manufactured products remained unchanged on the average.

Producer Price Indices 2010=100

  Index 2014:04 2014:03 - 2014:04, % 2013:04 - 2014:04, %
Producer Price Index, total 105.4 0.0 -1.4
- Producer Price Index, domestic goods 108.0 0.0 -1.4
- Producer Price Index, export goods 102.1 0.0 -1.6
Export Price Index 102.2 0.0 -1.8
Import Price Index 106.9 0.4 -2.0
Basic Price Index for Domestic Supply 108.5 0.1 -1.4
Basic Price Index for Domestic Supply, incl. taxes 111.1 0.1 -1.1

Producer Price Indices 1949=100

  Index 2014:04 2014:03 - 2014:04, % 2013:04 - 2014:04, %
Production Price Index 1943 0.0 -1.4
Export Price Index (fob) 1669 0.0 -1.8
Import Price Index (cif) 1595 0.4 -2.0
Wholesale Price Index 2235 0.1 -1.1

Source: Producer Price Index 2014, April. 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 26.5.2014

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. April 2014. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/thi/2014/04/thi_2014_04_2014-05-26_tie_001_en.html