Finland Times

Producer prices for services went down by 0.3 per cent in the fourth quarter of 2015 from the corresponding quarter of the year before, according to Statistics Finland.

Producer prices for services decreased particularly due to lower prices of freight transport than one year ago.

Lower rents of business premises and of construction and civil engineering machinery and equipment also contributed to the fall in the total index.

The fall in prices was slowed down by higher prices of computer programming and related services and postal activities under universal service obligation, the data show.

Compared to the third quarter, producer prices for services went down by 0.3 per cent as per the statistics.

Producer Price Indices for Services describe the price development in business services provided by enterprises to other enterprises and the public sector.

The total index currently covers 57 per cent of the market services.