The industrial producer price index decreased in September

news release no 111

According to Statistics Estonia, in September 2018, the producer price index of industrial output changed by –0.5% compared to August and by 2.9% compared to September 2017.

In September, compared to the previous month, the producer price index was affected more than average by a price decrease in electricity, gas, steam and air conditioning supply and in the manufacture of beverages and wood products, but also by price increases in the manufacture of electronic equipment and food products.

Compared to September 2017, the index was affected more than average by an increase in electricity, gas, steam and air conditioning supply prices and in the manufacture of wood and fuel oils, but also by a decrease in prices in the manufacture of electronic equipment.

Change in producer price index of industrial output by economic activity, September 2018
Economic activity according to EMTAK 2008 August 2018–September 2018, % September 2017–September 2018, %
TOTAL –0.5 2.9
Manufacturing 0.0 1.4
Mining and quarrying 0.7 –1.6
Electricity, gas, steam and air conditioning supply –5.5 23.6
Water supply; sewerage, waste management and remediation activities 0.0 0.5

In September 2018, the export price index changed by 0.1% compared to August and by 2.8% compared to September 2017.

In September, compared to the previous month, the prices of parts and accessories for motor vehicles, oil products and wearing apparel increased more than average, while the prices of electricity, furniture and metals decreased.

In September 2018, the import price index changed by 0.4% compared to August and by 4.6% compared to September 2017.

In September, compared to the previous month, the prices of agricultural products, footwear and building materials increased more than average, while the prices of electricity and electrical equipment 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 ten 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.

For further information:

Eveli Šokman
Leading Analyst
Economic and Environmental Statistics Department
Statistics Estonia
Tel +372 625 9241

More detailed data have been published in the statistical database.