Producer price indices increased in March

According to Statistics Estonia, in March 2012 the producer price index of industrial output increased by 0.2% compared to February and by 3.2% compared to March of the previous year.

In March compared to the previous month, the producer price index was more than average influenced by the increase in prices in the production of refined petroleum products, chemicals and chemical products and furniture and by the decrease in prices in the production of computer and electronic products.

Compared to March 2011, the index was more than average influenced by the increase in prices in the manufacture of food products and heat energy and by the decrease in prices in the production of electrical equipment.

Change in the producer price index of industrial output by economic activity, March 2012
Economic activity according to EMTAK 2008	February 2012 – March 2012, %	March 2011 – March 2012, %
TOTAL	0.2	3.2
Manufacturing	0.1	2.9
Mining	0.0	1.1
Electricity, gas, steam and air conditioning supply	0.6	7.2
Water supply; sewerage; waste management and remediation activities	0.0	2.6

In March 2012 the export price index changed by 0.1% compared to February 2012 and by 3.0% compared to March 2011.

In March compared to the previous month, the prices of food products and petroleum products increased more than average, and the prices of agricultural products and electronic equipment decreased more than average.

In March 2012 the import price index changed by 1.2% compared to February 2012 and by 6.1% compared to March 2011.

In March compared to the previous month, the prices of mineral fuels, chemical and food products increased more than average and the prices of building materials and agricultural products decreased more than average.

For further information:

Eveli Šokman
Head of Price Statistics Service
Statistics Estonia
Tel +372 625 9241

More detailed data have been published in the Statistical Database.