The industrial output producer price index fell by 0.4% in September, compared with August, and by 2.4% YoY, state agency Statistics Estonia reported.
Eveli Sokman, leading analyst at Statistics Estonia, said that in September, as compared with August, the producer price index was affected the most by price falls in electricity and heat energy supply, and in the manufacture of electrical equipment, food products and plastic products.
“Price increases in the manufacture of electronic equipment also had an impact on the index,” said Sokman.
Compared with September 2019, the index was affected the most by price falls in electricity and heat energy supply, and in the manufacture of fuel oils and electronic equipment. Price increase in the manufacture of textiles also had an impact on the index.
Compared with August, export price index decreased by 0.5%. The prices of oil products, electricity and electrical equipment decreased the most, while the prices of agricultural products, leather products and footwear, and garments increased the most. Compared to September 2019, the export price index decreased by 5.9%.
The import price index remained at the same level compared with August. The prices of oil products and electricity decreased more than average, while the prices of leather products and footwear, agricultural products and garments increased more than average. The import price index decreased by 5.8% compared with September 2019. (ERR/Business World Magazine)