The Finnish producer price inflation eased to 5.8 percent year-on-year in October 2018 from 5.9 percent in the previous month. It is the lowest increase since May, as producer prices for export products increased at a slower pace (6.6 percent vs 7.2 percent in September). Meantime, producer prices for manufactured products sold on the domestic market rose faster (5.0 percent vs 4.7 percent). Among sectors, the biggest upward pressure came from higher prices of oil products, pulp, paper, paperboard & cardboard, and electricity. On a monthly basis, producer prices went up by 0.3 percent, accelerating from a 0.1 percent rise in September. Producer Prices Change in Finland averaged 0.62 percent from 1996 until 2018, 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 7.40 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 2.40 in 12 months time. In the long-term, the Finland Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.