Producer price index continued to rise in July

news release no 95

In July 2019, the change in the producer price index of industrial output was 0.1% compared to June 2019 and -0.2% compared to July 2018.

In July, compared to the previous month, the producer price index was affected more than average by a price increase in electricity production, but also by a price decrease in the manufacture of chemicals and chemical products and wood and wood products.

Compared to July 2018, the index was affected more than average by a price decrease in electricity and heat energy supply and in the manufacture of electronic equipment. Price increase in mining and quarrying and in the manufacture of food products also had an impact.

Change in producer price index of industrial output by economic activity, July 2019
Economic activity according to EMTAK 2008 June 2019 – July 2019, % July 2018 – July 2019, %
TOTAL 0.1 -0.2
Manufacturing -0.4 0.0
Mining and quarrying 1.5 6.5
Electricity, gas, steam and air conditioning supply 6.6 -7.2
Water supply; sewerage, waste management and remediation activities 0.9 0.9

In July 2019, the export price index increased by 0.3% compared to June 2019 and by 0.2% compared to July 2018.

In July, compared to the previous month, the prices of electricity, oil and leather products and footwear increased more than average, while the prices of forest, agricultural and chemical products decreased.

In July 2019, the import price index decreased by 0.2% compared to June 2019 and by 0.3% compared to July 2018.

In July, compared to the previous month, the prices of leather products, footwear, agricultural and forest products decreased more than average, while the prices of electricity, furniture and electronic equipment increased.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 August 2019. 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.

For further information:

Jelena Jurkova
Analyst
Economic and Environmental Statistics Department
Statistics Estonia
Tel +372 625 8418

More detailed data have been published in
the statistical database (producer price index of industrial output, export and import price index).