Home > Statistics > Producer price indices > 2020 > October > Producer prices for manufactured products fell by 5.4 per cent from October last year

Published: 24 November 2020

Producer prices for manufactured products fell by 5.4 per cent from October last year

According to Statistics Finland, producer prices for manufactured products fell by an average of 5.4 per cent from October 2019 to October 2020. The producer prices for manufactured products sold on the domestic market declined by 3.9 per cent, while the producer prices of export products fell by 7.1 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–10/2020

The drop in the producer prices for manufactured products was particularly attributable to fallen prices of oil products, pulp, paper, paperboard and cardboard, as well as iron and steel from October 2019.

The export price index fell by 7.1 per cent and the import price index by 6.6 per cent in the year. The basic price index for domestic supply went down by 3.6 per cent. The basic price index for domestic supply including taxes fell by 3.3 per cent.

The decrease in the export price index was particularly affected by lower prices of oil products, pulp, paper, paperboard and cardboard, as well as iron and steel compared to October last year. The fall in the import price index was, in turn, especially attributable to reductions in the prices of crude oil and oil products.

From September to October, producer prices for manufactured products went down by 0.2 per cent. Producer prices were particularly depressed by the drop in the prices of electricity compared with the previous month.

Producer Price Indices 2015=100, October 2020

	Index	Monthly change, %	Annual change, %
Producer Price Index, total	100.5	-0.2	-5.4
- Producer Price Index, domestic goods	101.5	-0.1	-3.9
- Producer Price Index, export goods	99.4	-0.3	-7.1
Export Price Index	99.1	-0.3	-7.1
Import Price Index	100.6	0.1	-6.6
Basic Price Index for Domestic Supply	103.4	-0.1	-3.6
Basic Price Index for Domestic Supply, incl. taxes	103.8	-0.3	-3.3

Producer Price Indices 1949=100, October 2020

	Index	Monthly change, %	Annual change, %
Production Price Index	1933	-0.2	-5.4
Export Price Index	1645	-0.3	-7.1
Import Price Index	1543	0.1	-6.6
Wholesale Price Index	2299	-0.3	-3.3

Source: Producer Price Index 2020, October. Statistics Finland

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

Head of Department in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Producer Price Indices 2015=100, index numbers and year-on-year changes, October 2020 (24.11.2020)
• Appendix table 2. Producer Price Indices 1949=100, October 2020 (24.11.2020)
• Appendix table 3. Producer Price Index 2015=100 (CPA 2015), October 2020 (24.11.2020)
• Appendix table 4. Producer Price Index 2015=100 (MIG), October 2020 (24.11.2020)
• Appendix table 5. Export Price Index 2015=100 (CPA 2015), October 2020 (24.11.2020)
• Appendix table 6. Export Price Index 2015=100 (MIG), October 2020 (24.11.2020)
• Appendix table 7. Import Price Index 2015=100 (CPA 2015), October 2020 (24.11.2020)
• Appendix table 8. Import Price Index 2015=100 (MIG), October 2020 (24.11.2020)
• Appendix table 9. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), October 2020 (24.11.2020)
• Appendix table 10. Basic Price Index for Domestic Supply 2015=100 (MIG), October 2020 (24.11.2020)
• Appendix table 11. Basic Price Index for Domestic Supply 2015=100 (CPA 2015), including taxes, October 2020 (24.11.2020)
• Appendix table 12. Basic Price Index for Domestic Supply 2015=100 (MIG), including taxes, October 2020 (24.11.2020)
• Appendix table 13. Production Price Index 1949=100 (SITC), October 2020 (24.11.2020)
• Appendix table 14. Production Price Index 1949=100 (ISIC), October 2020 (24.11.2020)
• Appendix table 15. Export Price Index 1949=100, October 2020 (24.11.2020)
• Appendix table 16. Import Price Index 1949=100, October 2020 (24.11.2020)
• Appendix table 17. Wholesale Price Index 1949=100, October 2020 (24.11.2020)
• Appendix table 18. Producer Price Index 2010=100, October 2020 (24.11.2020)
• Appendix table 19. Export Price Index 2010=100, October 2020 (24.11.2020)
• Appendix table 20. Import Price Index 2010=100, October 2020 (24.11.2020)
• Appendix table 21. Basic Price Index for Domestic Supply 2010=100, October 2020 (24.11.2020)
• Appendix table 22. Basic Price Index for Domestic Supply 2010=100, including taxes, October 2020 (24.11.2020)
• Appendix table 23. Producer Price Indices for Services 2015=100, BtoAll, 3rd quarter 2020 (24.11.2020)
• Appendix table 24. Producer Price Index, international comparison (24.11.2020)
• Appendix table 25. Wood pellet, consumer price (24.11.2020)
• Appendix table 26. Basic Price Index for Domestic Supply 2000=100 (NACE-TOL 2002), October 2020 (24.11.2020)

Quality descriptions

• Quality Description of Producer Price Indices 2015=100 (24.11.2020)

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Updated 24.11.2020