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Published: 25 October 2021

Producer prices for manufactured products grew by 19.1 per cent from September last year

According to Statistics Finland, producer prices for manufactured products rose by an average of 19.1 per cent from September 2020 to September 2021. Producer prices for manufactured products sold on the domestic market rose by 17.6 per cent, while the producer prices of export products went up by 20.7 per cent.

Producer Price Index (PPI) 2015=100, 1/2015–9/2021

Producer Price Index (PPI) 2015=100, 1/2015–9/2021
The rise in the producer prices for manufactured products was particularly caused by higher prices of basic metals, oil products and timber than in September of the previous year.

The export price index rose by 20.9 per cent and the import price index by 18.6 per cent in the year. The basic price index for domestic supply went up by 13.6 per cent. The basic price index for domestic supply including taxes rose by 11.9 per cent.

The rise in the export price index was especially caused by higher prices of basic metals, oil products and timber than in September of the previous year. The rise in the import price index was, in turn, especially caused by higher prices of crude oil, chemicals and chemical products as well as basic metals.

From August to September, producer prices for manufactured goods went up by 2.3 per cent. Producer prices were particularly boosted by the risen prices of basic metals, electricity and oil products compared with the previous month.

Producer Price Indices 2015=100, September 2021

  Index Monthly change, % Annual change, %
Producer Price Index, total 119.9 2.3 19.1
- Producer Price Index, domestic goods 119.6 2.2 17.6
- Producer Price Index, export goods 120.3 2.5 20.7
Export Price Index 120.1 2.4 20.9
Import Price Index 119.3 1.8 18.6
Basic Price Index for Domestic Supply 117.6 1.5 13.6
Basic Price Index for Domestic Supply, incl. taxes 116.5 1.4 11.9

Producer Price Indices 1949=100, September 2021

  Index Monthly change, % Annual change, %
Production Price Index 2306 2.3 19.1
Export Price Index 1993 2.4 20.9
Import Price Index 1828 1.8 18.6
Wholesale Price Index 2578 1.4 11.9

Source: Producer Price Index 2021, September. Statistics Finland

Inquiries: Anna-Riikka Pitkänen 029 551 3466, Ville Auno 029 551 3023, thi.tilastokeskus@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 25.10.2021

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices [e-publication].
ISSN=1799-3695. September 2021. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/thi/2021/09/thi_2021_09_2021-10-25_tie_001_en.html