According to the information released by Statistics Estonia on September 20, the producer price index of industrial output increased by 0.8% MoM and by 4.7% YoY.
Compared to the previous month, the producer price index in August was affected more than average by an increase in prices in the manufacture of electronic equipment, in electricity, gas, steam and air conditioning supply as well as in the manufacture of wood and wood products, but also by a decrease in prices in the manufacture of chemicals and beverages.
Compared to last August, the index was affected more than average by an increase in prices in the manufacture of fuel oils, electronic equipment and milk products as well as in electricity, gas, steam and air conditioning supply.
This August, the export price index increased by 1.2% compared to July and by 5.7% YoY.
Compared to the previous month, the prices of articles of peat, electricity and electronic equipment increased more than average in August, while the prices of chemical products, rubber and plastic products as well as metal products decreased.
This August, the import price index remained unchanged compared to July and increased by 3.9% YoY.
Compared to the previous month, the prices of agricultural products, various machinery and equipment as well as metals decreased more than average in August, while the prices of electricity, petroleum products, articles of leather and footwear increased. (ERR/Business World Magazine)