The industrial producer price index increased in May
According to Statistics Estonia, in May 2018, the producer price index of industrial output changed by 0.1% compared to April and by 1.9% compared to May 2017.
In May, compared to the previous month, the producer price index was affected more than average by an increase in prices in the manufacture of electronic equipment, wood products and fuel oils, but also by a decrease in prices in electricity, gas, steam and air conditioning supply and in the manufacture of chemicals.
Compared to May 2017, the index was affected more than average by an increase in prices in electricity, gas, steam and air conditioning supply and in the manufacture of wood products and fuel oils, but also by a decrease in prices in the manufacture of electronic equipment.
| Economic activity according to EMTAK 2008 | April 2018 – May 2018, % | May 2017 – May 2018, % |
|---|---|---|
| TOTAL | 0.1 | 1.9 |
| Manufacturing | 0.3 | 1.4 |
| Mining and quarrying | -0.1 | -5.3 |
| Electricity, gas, steam and air conditioning supply | -1.9 | 14.2 |
| Water supply; sewerage, waste management and remediation activities | 0.0 | 0.5 |
In May 2018, the export price index changed by 1.0% compared to April and by 2.3% compared to May 2017.
In May, compared to the previous month, the prices of oil products, electricity, chemical and wood products increased more than average, while the prices of electrical equipment and textiles decreased.
In May 2018, the import price index changed by 0.7% compared to April and by 3.3% compared to May 2017.
In May, compared to the previous month, the prices of electricity, oil products and chemical products increased more than average, while the prices of agricultural, forestry products and leather products and footwear decreased.
The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 June 2018. Statistics Estonia published the monthly summary in nine working days. For the statistical activities “Producer price index of industrial output”, “Export price index” and “Import price index”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activities.