Producer price index of industrial output rose by 4.2% in April
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, increased by 4.2% in April 2023 compared with April 2022 and decreased by 0.7% compared with March 2023.
Eveli Šokman, leading analyst at Statistics Estonia, said that, compared with March, the producer price index was primarily affected by falling prices in electricity and heat energy production and in the manufacture of fuel oils, fabricated metal products, and electronic products. “The index was also influenced by price increases in the manufacture of wood,” added Šokman.
Compared with April 2022, the index was most affected by rising prices in the manufacture of food products, building materials, and electrical equipment. Lower prices in the manufacture of fuel oils and in electricity production had the opposite effect on the index. The increase in producer prices was 5.2% in manufacturing as a whole and 13.6% in the manufacture of food products.
In April, the export price index fell by 0.6% compared with March. The biggest fall in prices was recorded for electricity, in mining and quarrying, and for agricultural products. The biggest increase occurred in the prices of wearing apparel, furniture, chemical products, and electrical equipment. Compared with April 2022, the export price index rose by 5.5%.
The import price index fell by 0.4% in April compared with March. Prices decreased the most for electricity, in mining and quarrying, and for metals. The biggest increase was registered in the prices of wood products, furniture, and industrial machinery and equipment. Compared with April 2022, the import price index rose by 2.4%.
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.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Tel +372 625 9181
press [at] stat.ee