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Published: 24 June 2015

Producer prices for manufactured products fell by 0.6 per cent from May last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 0.6 per cent from May 2014 to May 2015. The producer prices for manufactured products sold on the domestic market went down by 1.2 per cent, while the producer prices of export products went up by 0.2 per cent.

Producer Price Index (PPI) 2010=100, 1/2010–5/2015

Producer Price Index (PPI) 2010=100, 1/2010–5/2015
Producer prices for manufactured products went down especially due to reductions in the prices of oil products, food, and iron and steel from last year's May. The fall in producer prices was slowed down especially by higher prices of paper and paper board products.

The Export Price Index rose by 0.3 per cent and the Import Price Index fell by 4.1 per cent in the year. The Basic Price Index for Domestic Supply went down by 2.0 per cent. The Basic Price Index for Domestic Supply including taxes fell by 1.7 per cent.

Export prices were, in particular, boosted by the higher prices of paper and paper board products, and basic precious metals and other non-ferrous metals fro May 2014. The rising of the prices was curbed above all by falls in the prices of oil products. The fall in import prices was, in turn, especially caused by lower prices of oil products compared with last year's May. The fall in prices was slowed down, in particular, by higher prices of electronic appliances

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

Producer Price Indices 2010=100, May 2015

  Index Monthly change, % Annual change, %
Producer Price Index, total 105.0 0.0 -0.6
- Producer Price Index, domestic goods 106.8 -0.2 -1.2
- Producer Price Index, export goods 102.9 0.2 0.2
Export Price Index 103.0 0.2 0.3
Import Price Index 103.3 0.3 -4.1
Basic Price Index for Domestic Supply 106.6 0.1 -2.0
Basic Price Index for Domestic Supply, incl. taxes 109.5 0.0 -1.7

Producer Price Indices 1949=100, May 2015

  Index Monthly change, % Annual change, %
Production Price Index 1936 0.0 -0.6
Export Price Index 1682 0.2 0.3
Import Price Index 1542 0.3 -4.1
Wholesale Price Index 2202 0.0 -1.7

Source: Producer Price Index 2015, May. Statistics Finland

Inquiries: Anni Huuskonen 029 551 2992, Mervi Nyfors 029 551 3480, Anna-Riikka Pitkänen 029 551 3466, thi.tilastokeskus@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 24.6.2015

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. May 2015. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/thi/2015/05/thi_2015_05_2015-06-24_tie_001_en.html