The industrial producer price index continued to increase in May

news release no 73

According to Statistics Estonia, in May 2017, the producer price index of industrial output changed by 0.3% compared to April and by 4.2% compared to May 2016.

In May, compared to the previous month, the producer price index was affected more than average by an increase in prices in the manufacture of furniture, chemical products and parts and accessories for motor vehicles, but also by a decrease in prices in the manufacture of metal products, in electricity, gas, steam and air conditioning supply and in mining and quarrying.

Compared to May 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, electronic equipment and food products, but also by a decrease in prices in mining and quarrying and in the manufacture of parts and accessories for motor vehicles.

Change in producer price index of industrial output by economic activity, May 2017
Economic activity according to EMTAK 2008 May 2017 – April 2017, % May 2017 – May 2016, %
TOTAL 0.3 4.2
Manufacturing 0.4 4.7
Mining and quarrying -1.3 -7.8
Electricity, gas, steam and air conditioning supply -0.8 2.9
Water supply; sewerage, waste management and remediation activities 0.4 0.4

In May 2017, the export price index changed by -0.1% compared to April and by 6.1% compared to May 2016.

In May, compared to the previous month, the prices of petroleum products, articles of peat, metals and furniture decreased more than average, while the prices of chemical products, parts and accessories for motor vehicles and agricultural products increased more than average.

In May 2017, the import price index changed by -0.8% compared to April and by 4.1% compared to May 2016.

In May, compared to the previous month, the prices of agricultural and petroleum products decreased more than average, while the prices of beverages, building materials and motor vehicles increased more than average.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 June 2017. Statistics Estonia published the monthly summary in nine working days. For the statistical activities “Producer price index of industrial output”, “Export price index” and “Import price index”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activities.

For further information:

Eveli Šokman
Leading Statistician-Methodologist
Economic and Environmental Statistics Department
Statistics Estonia
Tel. +372 625 9241

More detailed data have been published in the Statistical Database.