Higher prices of wood products had the biggest impact on the producer price index in March
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 3.5% in March 2025 compared with February and rose by 2.8% compared with March last year.
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with March 2024, the producer price index was most affected by price increases in the manufacture of wood and wood products, in electricity production, and in the manufacture of food products. “Falling prices in the manufacture of fuel oils, paper and paper products, and furniture had the opposite effect on the index. Producer prices increased by 1.9% in manufacturing as a whole and by 2.7% in the manufacture of food products,” Šokman added.
Compared with February, the producer price index in March was primarily affected by falling prices in electricity and heat energy production. The index was also influenced by price increases in the manufacture of fabricated metal products and buildings materials as well as in mining and quarrying.
In March, the export price index was down by 2.4% compared with February. The biggest price decreases were recorded for electricity, mining and quarrying, and petroleum products. The greatest increases were registered in the prices of chemicals and chemical products, pharmaceuticals, and electronic products. Compared with March 2024, the export price index was up by 5.1%.
In March, the import price index declined by 2.9% compared with February. Prices fell the most for electricity, petroleum products, and mining and quarrying. The largest increases were seen in the prices of footwear and leather products, electrical equipment, and furniture. Compared with March 2024, the import price index was up by 3.7%.
Statistics Estonia collects and analyses data for the producer price index of industrial output, export price index and import price index for the Ministry of Economic Affairs and Communications, to understand how the Estonian economy is doing.
See also the prices section on our website.
More detailed data have been published in the statistical database.
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Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 5696 6484
press [at] stat.ee (press[at]stat[dot]ee)