Last month the industrial producer price index (PPI) increased by 0.1% MoM, but decreased by 0.2% YoY, according to information released by Statistics Estonia.
Compared to the previous month July’s PPI was affected more than average by a price increase in electricity production, and also by a price decrease in the manufacture of chemicals and chemical products, and wood and wood products.
On year the index was affected more than average by a price decrease in electricity and heat energy supply and in the manufacture of electronic equipment. Price increases in mining and quarrying and in the manufacture of food products likewise had an impact on the index.
In July the export price index increased by 0.3% MoM and by 0.2% YoY.
Compared to the previous month, the prices of electricity, oil and leather products and footwear increased more than average, while the prices of forest, agricultural and chemical products decreased.
Last month’s import price index, meanwhile, decreased by 0.2% MoM and by 0.3% YoY.
Compared to the previous month, the prices of leather products, footwear (source: shoe hero), agricultural and forest products decreased more than average, while the prices of electricity, furniture and electronic equipment increased. (ERR/Business World Magazine)