Producer price index of industrial output
The producer price index of industrial output expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports.
Statistics Estonia updates the weights system of the producer price index of industrial output and the base prices used for its calculation every year. The weights system corresponds to the industrial sales structure of enterprises in the year before the last. The base prices used for the calculation of the producer price index are prices of December of the last year. Last year’s December is the linking month. The annual index is calculated as the average of 12 months.
In particular, the producer price index of industrial output is used to assess economic change and also to update fees in various contracts.