Home > Statistics > Producer price indices > 2020 > February > Producer prices for manufactured products fell by 2.8 per cent from February last year

Published: 24 March 2020

Producer prices for manufactured products fell by 2.8 per cent from February last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 2.8 per cent from February 2019 to February 2020. The producer prices for manufactured products sold on the domestic market declined by 3.3 per cent, while the producer prices of export products fell by 2.2 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–02/2020

The drop in the producer prices for manufactured products was particularly attributable to fallen prices of pulp, paper, paperboard and cardboard, electricity, oil products and timber from February 2019.

The export price index fell by 2.3 per cent and the import price index by 1.8 per cent in the year. The basic price index for domestic supply went down by 1.5 per cent. The basic price index for domestic supply including taxes fell by 1.7 per cent.

The decrease in the export price index was in particular affected by lower prices of pulp, paper, paperboard and cardboard, as well as timber compared to February last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of oil products and electricity.

From January to February, producer prices for manufactured goods fell by 1.1 per cent. Producer prices were particularly depressed by the drop in the prices of oil products compared with the previous month.

Producer Price Indices 2015=100, February 2020

	Index	Monthly change, %	Annual change, %
Producer Price Index, total	103.4	-1.1	-2.8
- Producer Price Index, domestic goods	102.6	-1.3	-3.3
- Producer Price Index, export goods	104.2	-1.0	-2.2
Export Price Index	103.9	-0.9	-2.3
Import Price Index	106.4	-1.4	-1.8
Basic Price Index for Domestic Supply	106.0	-0.8	-1.5
Basic Price Index for Domestic Supply, incl. taxes	105.8	-0.8	-1.7

Producer Price Indices 1949=100, February 2020

	Index	Monthly change, %	Annual change, %
Production Price Index	1989	-1.1	-2.8
Export Price Index	1725	-0.9	-2.3
Import Price Index	1631	-1.4	-1.8
Wholesale Price Index	2343	-0.8	-1.6

Weight structures of producer price indices updated in January

Producer price indices are annual chain indices, i.e. the weight structure of the indices is updated annually in January. The latest available data from National Accounts, the statistics on industrial output and Finnish Customs’ statistics on foreign trade are used when preparing the weight structures. The latest data from the supply and use tables of National Accounts concerned the year 2015. In respect of domestic supply, imports and exports these were raised by using the 2-digit level data for 2017 that were available from National Accounts. The most detailed level product group and enterprise weights are based on data from the foreign trade statistics of Finnish Customs and statistics on industrial output for 2018. In addition to the weight structure, product categories and the enterprise sample have also been updated.

Updating of the weight structure and sample improve the quality of the indices, because with their help, structural changes in production, exports and imports can be taken into account faster.

Source: Producer Price Index 2020, February. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Veli Kettunen 029 551 2693, thi.tilastokeskus@stat.fi

Director in charge: Jan Nokkala

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Appendix tables

• Appendix table 1. Producer Price Indices 2015=100, index numbers and year-on-year changes, February 2020 (24.3.2020)
• Appendix table 2. Producer Price Indices 1949=100, February 2020 (24.3.2020)
• Appendix table 3. Producer Price Index 2015=100 (CPA 2015), February 2020 (24.3.2020)
• Appendix table 4. Producer Price Index 2015=100 (MIG), February 2020 (24.3.2020)
• Appendix table 5. Export Price Index 2015=100 (CPA 2015), February 2020 (24.3.2020)
• Appendix table 6. Export Price Index 2015=100 (MIG), February 2020 (24.3.2020)
• Appendix table 7. Import Price Index 2015=100 (CPA 2015), February 2020 (24.3.2020)
• Appendix table 8. Import Price Index 2015=100 (MIG), February 2020 (24.3.2020)
• Appendix table 9. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), February 2020 (24.3.2020)
• Appendix table 10. Basic Price Index for Domestic Supply 2015=100 (MIG), February 2020 (24.3.2020)
• Appendix table 11. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), including taxes, February 2020 (24.3.2020)
• Appendix table 12. Basic Price Index for Domestic Supply 2015=100 (MIG), including taxes, February 2020 (24.3.2020)
• Appendix table 13. Production Price Index 1949=100 (SITC), February 2020 (24.3.2020)
• Appendix table 14. Production Price Index 1949=100 (ISIC), February 2020 (24.3.2020)
• Appendix table 15. Export Price Index 1949=100, February 2020 (24.3.2020)
• Appendix table 16. Import Price Index 1949=100, February 2020 (24.3.2020)
• Appendix table 17. Wholesale Price Index 1949=100, February 2020 (24.3.2020)
• Appendix table 18. Producer Price Index 2010=100, February 2020 (24.3.2020)
• Appendix table 19. Export Price Index 2010=100, February 2020 (24.3.2020)
• Appendix table 20. Import Price Index 2010=100, February 2020 (24.3.2020)
• Appendix table 21. Basic Price Index for Domestic Supply 2010=100, February 2020 (24.3.2020)
• Appendix table 22. Basic Price Index for Domestic Supply 2010=100, including taxes, February 2020 (24.3.2020)
• Appendix table 23. Producer Price Indices for Services 2015=100, BtoAll, 4th quarter 2019 (24.3.2020)
• Appendix table 24. Producer Price Index, international comparison (24.3.2020)
• Appendix table 25. Wood pellet, consumer price (24.3.2020)
• Appendix table 26. Basic Price Index for Domestic Supply 2000=100 (NACE-TOL 2002), February 2020 (24.3.2020)

Quality descriptions

• Quality Description of Producer Price Indices 2015=100 (24.3.2020)

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Updated 24.3.2020