January rebound signals renewed cost pressures driven by energy and metals.
Finland’s producer prices surged 1.9% year-on-year in January — the fastest increase since March 2023 — reversing December’s 0.8% decline, new data from Statistics Finland show.
The spike was largely fueled by higher electricity costs and rising prices for precious and non-ferrous metals. However, cheaper refined petroleum products and paper goods helped cushion the overall rise.
Domestic producer prices climbed sharply by 4.9% compared to a year ago, while export prices slipped 1.0%. On a monthly basis, producer prices rebounded 4.3% in January after falling 1.0% in December.
Separate figures revealed export prices dropped 1.1% year-on-year, with import prices down 2.4%.
The data point to shifting cost dynamics in the Nordic economy, with energy and metals leading the charge.
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