Producer prices in Finland increased 0.9 percent year-on-year in May of 2019, easing from a 2.0 percent rise in the previous month. It was the lowest producer inflation since November 2016, as export products fell (-0.2 percent vs 1.2 percent in April) while manufactured products sold on the domestic market prices rose softer (1.8 percent vs 2.7 percent). Export prices were mainly boosted by higher prices of electricity, pulp, paper, paperboard & cardboard; while prices of iron & steel fell. Import prices was especially caused by higher prices of oil products and electricity whereas prices of waste declined. On a monthly basis, producer prices edged up 0.1 percent, the same pace as in April. Producer Prices Change in Finland averaged 0.68 percent from 1996 until 2019, reaching an all time high of 7.80 percent in March of 2011 and a record low of -9.70 percent in July of 2009.
Producer Prices Change in Finland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Finland to stand at 2.20 in 12 months time. In the long-term, the Finland Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.