In August, the producer price index of industrial output increased by 1.1% MoM, but decreased by 2.2% YoY, data from Statistics Estonia shoed.
Leading analyst at Statistics Estonia Eveli Sokman said, in August, compared to July, the producer price index was affected primarily by price increase in electricity supply.
“Price decreases in the manufacture of fish and meat products, and chemical products, had a big impact on the index,” added Sokman.
Compared to August 2019, the index was affected the most by price decreases in the manufacture of electronic equipment, electricity and heat energy supply and manufacture of fuel oils, but also by price increases in the manufacture of metal products and textiles.
The export price index rose by 0.5% MoM. The prices of electricity and rubber and plastic products increased the most, while the prices of wood products, oil products and agricultural products decreased the most.
Compared to August 2019, the export price index decreased by 5.8 %.
The import price index increased by 0.3% MoM. The prices of electricity, leather products and footwear and timber increased more than average, while the prices of oil products, building materials and fish products decreased.
The import price index decreased by 5.6% YoY. (ERR/Business World Magazine)
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