Producer prices in Finland decreased 1.0 percent year-on-year in August of 2019, after a 0.8 percent drop in the previous month. This was the third straight monthly decline in producer prices, and the steepest fall, as producer prices for export products fell further (-1.9 percent vs -2.0 percent in July) while manufactured products sold on the domestic market prices dropped (-0.2 percent vs 0.4 percent). Export prices were mainly dragged by lower prices of oil products, pulp, and basic chemicals. On a monthly basis, producer prices fell 0.2 percent, following a 0.5 percent gain in July. Producer Prices Change in Finland averaged 0.66 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 -0.70 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 1.20 in 12 months time. In the long-term, the Finland Producer Prices Change is projected to trend around 2.10 percent in 2020, according to our econometric models.