In October, the producer price index did not change

News
Posted on 20. November 2020 8:00

In October, 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 exports, was at the same level as in September. Compared to October 2019, the producer price index decreased by 1.9%.

According to Eveli Šokman, leading analyst at Statistics Estonia, compared to September, the producer price index was affected more than average by price decreases in electricity supply and in the manufacture of dairy products and textile products. “The price increases in the manufacture of electronic equipment and wood manufacturing had a reverse impact, which is why the total index did not change compared to the previous month,” added Šokman.

Compared to October 2019, the index was affected more than average by price decreases in electricity and heat energy supply and in the manufacture of fuel oils and electronic equipment. The increase in prices in wood manufacturing and in the manufacture of peat products and gravel also had an impact on the index.

Change in producer price index of industrial output by economic activity, October 2020
Economic activity according to EMTAK 2008 September 2020 – October 2020, % October 2019 – October 2020, %
TOTAL 0.0 -1.9
Manufacturing 0.2 -1.4
Mining and quarrying 2.0 4.0
Electricity, gas, steam and air conditioning supply -3.0 -11.9
Water supply; sewerage, waste management and remediation activities 0.0 -9.8

The export price index increased by 0.3% compared to September 2020. The prices of agricultural products, wood products and oil products increased the most. The biggest decrease was recorded in the prices of electricity, leather products and footwear, textile products and fabricated metal products. Compared to October 2019, the export price index fell by 5.3%.

Compared to September 2020, the import price index decreased by 0.5%. The prices of timber and agricultural products, electricity and wearing apparel decreased more than average. The prices of mining and quarrying, fabricated metal products and motor vehicles increased the most. The import price index fell by 5.9% compared to October 2019.

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 dedicated section on prices.

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