Finland Producer Inflation Highest Since 2023

Producer prices in Finland rose by 9.8% year-on-year in September 2026, accelerating from a 7.3% gain in the previous month and marking the fastest growth since January 2023. The increase was largely driven by double-digit rises in prices of mining and quarrying (+13.8%) and water supply; sewerage, waste management and remediation services (+12.4%). Prices also increased 9.8% in the manufacturing industry mainly due to higher prices of refined petroleum products and basic metals, while costs for electricity, gas, steam and air conditioning gained 8.5%. In contrast, price increases were curbed especially by the decrease in prices of processed paper and paperboard as well as dairy products. On a monthly basis, producer prices grew by 2.0% in September, the highest since January, following a 1.2% gain in the preceding period.

Producer prices in Finland rose 7.3% year-on-year in August 2026, accelerating from 6.9% in July and the highest recorded since May 2026. The acceleration was mainly driven by faster price growth in manufacturing (8.2% vs 7.6% in July) particularly refined petroleum products and basic metals. Moreover, prices for computer, electronic and optical products (19.3%), basic metals (13.4%) and rubber and plastic products (9.2%) also contributed. Producer price growth in mining and quarrying also accelerated (12.1% vs 11.9%). Meanwhile, prices in electricity, gas, steam and air-conditioning supply fell further (-5.4% vs -4.2%), while growth in water supply, sewerage, waste management and remediation services eased (10.9% vs 11.5%). On a monthly basis, producer prices increased 1.2% from a 0.1% rise in the previous month.

Producer prices in Finland rose by 6.9% year-on-year in July 2026, accelerating from a 6.7% increase in the previous month. The rise was mainly driven by higher prices in the manufacturing sector, which accelerated to 7.6% from 5.8%, particularly refined petroleum products and basic metals. Producer price growth for water supply, sewerage, waste management and remediation services also increased 11.5% from 11.1%. Meanwhile, producer inflation in mining and quarrying eased to 11.9% from 14.9%. Price growth was further restrained by a sharp decline in electricity prices, with producer prices in electricity, gas, steam and air-conditioning supply falling 4.2% year-on-year, compared with a 15.0% increase in June. Lower prices for paper and paper products also helped limit the overall increase. On a monthly basis, producer prices inched up by 0.1% in July, rebounding from a 0.7% fall in the preceding period.