The producer price index increased in January

news release no 23

According to Statistics Estonia, in January 2019, the change in the producer price index of industrial output was 0.6% compared to December 2018 and 0.3% compared to January 2018.

In January, compared to the previous month, the producer price index was affected more than average by a price increase in electricity supply, in mining and quarrying and in the manufacture of fuel oils, but also by a price decrease in the manufacture of wood and wood products.

Compared to January 2018, the index was affected more than average by a price increase in electricity and heat energy supply and in the manufacture of food and metal products, but also by a price decrease in the manufacture of electronic equipment.

Change in producer price index of industrial output by economic activity, January 2019
Economic activity according to EMTAK 2008 December 2018 – January 2019, % January 2018 – January 2019, %
TOTAL 0.6 0.3
Manufacturing 0.3 -2.2
Mining and quarrying 4.2 3.4
Electricity, gas, steam and air conditioning supply 2.6 31.5
Water supply; sewerage, waste management and remediation activities 0.0 0.0

In January 2019, the export price index changed by 0.0% compared to December 2018 and by -1.8% compared to January 2018.

In January, compared to the previous month, the prices of wearing apparel, petroleum products and beverages decreased more than average, while the prices of electricity, electrical equipment and rubber and plastic products increased.

In January 2019, the import price index decreased by 0.4% compared to December 2018 and increased by 0.7% compared to January 2018.

In January, compared to the previous month, the prices of leather products and footwear, petroleum products and building materials decreased more than average, while the prices of electricity, forest and agricultural products increased.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 February 2019. Statistics Estonia published the monthly summary in fifteen 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 (January and year 2018).