The producer price index of industrial output increased in January

According to Statistics Estonia, in January 2016, the producer price index of industrial output changed by 2.0% compared to December 2015 and by -0.1% compared to January 2015.

In January, compared to the previous month, the producer price index was more than average influenced by an increase in prices in electricity, gas, steam and air conditioning supply, and in the manufacture of electronic equipment and fuel oils but also by a decrease in prices in the repair and installation of machinery and equipment.

Compared to January 2015, the producer price index was more than average influenced by a decrease in prices in the manufacture of food products, wood and wood products and chemicals and chemical products but also by an increase in prices in the manufacture of electronic equipment, in electricity, gas, steam and air conditioning supply, mining and quarrying.

Change in producer price index of industrial output by economic activity, January 2016
Economic activity according to EMTAK 2008 January 2016 – December 2015, % January 2016 – January 2015, %
TOTAL 2.0 -0.1
Manufacturing 0.6 -0.9
Mining and quarrying -1.1 5.3
Electricity, gas, steam and air conditioning supply 20.6 4.7
Water supply; sewerage, waste management and remediation activities 3.4 3.4

In January 2016, the export price index changed by 0.7% compared to December 2015 and by 1.6% compared to January 2015.

In January, compared to the previous month, the prices of electricity, wood products and electronic equipment increased more than average, while the prices of oil products, leather and textile products decreased more than average.

In January 2016, the import price index changed by –1.4% compared to December 2015 and by 2.7% compared to January 2015.

In January, compared to the previous month, the prices of oil products, leather and chemical products decreased more than average, while the prices of electricity and paper and paper products increased more than average.

Source: Statistics Estonia
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