In February, the producer price index of industrial output rose by 0.8% compared to the previous month
In February 2022, 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 0.8% compared to January 2022 and by 26.3% compared to February 2021.
Eveli Šokman, leading analyst at Statistics Estonia, said that, compared to January, the index was affected the most by price increases in the manufacture of metal products, fuel oils, food products, electronic products, and chemicals and chemical products. “Price decreases in the manufacture of wood and wood products and in electricity production had an opposite effect on the index,” added Šokman.
Compared to February 2021, the producer price index was primarily affected by price increases in electricity and heat energy production and in the manufacture of wood and wood products, fabricated metal products and food products.
In February, compared to January, the export price index rose by 1.7%. The biggest price increases occurred in the manufacture of petroleum products, chemicals and chemical products, and fabricated metal products. Prices fell the most in electricity exports. Compared to February 2021, the export price index increased by 21.9%.
The import price index rose by 1.7% in February, compared to the previous month. The biggest increases were recorded in the prices of petroleum products, agricultural products and fabricated metal products. Prices decreased the most in electricity production, mining and quarrying, and the manufacture of wood products. Compared to February 2021, the import price index increased by 25.1%.
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:
Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181