The industrial producer price index fell in June

news release no 81

According to Statistics Estonia, in June 2017, the producer price index of industrial output changed by -0.3% compared to May and by 3.3% compared to June 2016.

In June, compared to the previous month, the producer price index was affected more than average by a decrease in prices in the manufacture of electronic equipment and fuel oils, but also by an increase in prices in the manufacture of chemical products and food products.

Compared to June 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, food products and electronic equipment, but also by a decrease in prices in electricity, gas, steam and air conditioning supply, and mining and quarrying.

Change in producer price index of industrial output by economic activity, June 2017
Economic activity according to EMTAK 2008 June 2017 – May 2017, % June 2017 – June 2016, %
TOTAL -0.3 3.3
Manufacturing -0.3 4.5
Mining and quarrying -0.3 -5.2
Electricity, gas, steam and air conditioning supply 0.0 -7.5
Water supply; sewerage, waste management and remediation activities 0.0 0.4

In June 2017, the export price index changed by -0.2% compared to May and by 4.6% compared to June 2016.

In June, compared to the previous month, the prices of petroleum products, articles of peat and agricultural products decreased more than average, while the prices of electricity and chemical products increased.

In June 2017, the import price index changed by 0.0% compared to May and by 2.9% compared to June 2016.

In June, compared to the previous month, the prices of footwear, articles of leather, petroleum products and agricultural products decreased more than average, while the prices of electricity and metals increased.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 July 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.