Industrial producer price index rose by nearly 33% year on year

News
Posted on 20. July 2022 8:00

In June 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 2.3% compared with May and by 33.3% compared with June 2021.

Eveli Šokman, leading analyst at Statistics Estonia, said that, compared with June last year, the index was primarily affected by price increases in electricity and heat energy production and in the manufacture of wood and wood products, food products and fabricated metal products. “Prices rose by 24.9% in manufacturing as a whole, and the price increase in the manufacture of food products was 23.8%”, added Šokman.

Compared with May, the producer price index was most affected by price increases in the manufacture of electronic products, food products, fabricated metal products, and chemicals and chemical products. The index was also influenced by a fall in the price of fuel oil production.

The export price index rose by 3.5% in June compared with May. The biggest increases occurred in the prices of electricity, chemicals and chemical products, and pharmaceutical products and preparations. Compared with June 2021, the export price index increased by 29.2%.

The import price index rose by 2.4% in June compared with the previous month. The biggest increases were recorded in electricity production and in the manufacture of chemicals and chemical products and petroleum products. Compared with June 2021, the import price index increased by 29.7%.

Producer price index of industrial output, export price index and import price index (2010 = 100)

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 websiteMore detailed data have been published in the statistical database.

 

For further information:

Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9191

 

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