In July, Finland's producer prices experienced an uptick for the first time in fifteen months, albeit a slight one, according to data released by Statistics Finland on Monday.
The Producer Price Index (PPI) saw a 0.2 percent year-over-year increase in July, effectively reversing the 0.3 percent decline recorded the previous month. The last instance of an increase in the PPI occurred in March 2023.
Statistics Finland attributed this rise in producer prices to higher costs for pulp, machinery and equipment, and timber compared to the previous year.
Conversely, the overall increase in producer prices was tempered by declines in the prices of electricity, paper and paperboard, and metal products.
Specifically, domestic producer prices fell by 0.8 percent on an annual basis, while prices for export products rose by 1.3 percent.
On a month-over-month basis, producer prices decreased by 0.4 percent in July, following a 0.3 percent decline in the preceding month.
The data also indicated a 1.3 percent annual increase in export prices, whereas import prices were 0.3 percent lower than the previous year.
