The industrial producer price index continued to rise in August
According to Statistics Estonia, in August 2018, the producer price index of industrial output changed by 1.0% compared to July and by 3.4% compared to August 2017.
In August, 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, in electricity, gas, steam and air conditioning supply and in the manufacture of beverages, but also by a decrease in prices in the manufacture of wearing apparel and metal products.
Compared to August 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 and fuel oils, but also by a decrease in prices in the manufacture of electronic equipment.
| Economic activity according to EMTAK 2008 | July 2018 – August 2018, % | August 2017 – August 2018, % |
|---|---|---|
| TOTAL | 1.0 | 3.4 |
| Manufacturing | 1.0 | 1.3 |
| Mining and quarrying | -0.1 | -2.6 |
| Electricity, gas, steam and air conditioning supply | 1.8 | 32.6 |
| Water supply; sewerage, waste management and remediation activities | 0.0 | 0.5 |
In August 2018, the export price index changed by 1.4% compared to July and by 2.7% compared to August 2017.
In August, compared to the previous month, the prices of electronic equipment, wood products and electricity increased more than average, while the prices of peat products, rubber and plastic products and wearing apparel decreased.
In August 2018, the import price index changed by 0.1% compared to July and by 4.8% compared to August 2017.
In August, compared to the previous month, the prices of oil products, footwear and wearing apparel increased more than average, while the prices of agricultural products, building materials and food products decreased.
The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 September 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.