The industrial producer price index increased in April

According to Statistics Estonia, in April 2017, the producer price index of industrial output changed by 0.3% compared to March and by 3.7% compared to April 2016.

In April, compared to the previous month, the producer price index was affected more than average by an increase in prices in the manufacture of chemicals, in electricity, gas, steam and air conditioning supply, in mining and quarrying and in the manufacture of wood, but also by a decrease in prices in the manufacture of parts and accessories for motor vehicles and in the manufacture of food products.

Compared to April 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, food products and electronic equipment, but also by a decrease in prices in mining and quarrying and in the manufacture of parts and accessories for motor vehicles.

Change in producer price index of industrial output by economic activity, April 2017
Economic activity according to EMTAK 2008 April 2017 – March 2017, % April 2017 – April 2016, %
TOTAL 0.3 3.7
Manufacturing 0.2 4.0
Mining and quarrying 1.7 -4.6
Electricity, gas, steam and air conditioning supply 1.3 2.9
Water supply; sewerage, waste management and remediation activities 0.0 0.0

In April 2017, the export price index changed by 0.6% compared to March and by 6.4% compared to April 2016.

In April, compared to the previous month, the prices of articles of peat, petroleum products and beverages increased more than average, while the prices of leather products, parts and accessories for motor vehicles and metal products decreased more than average.

In April 2017, the import price index changed by 0.5% compared to March and by 5.8% compared to April 2016.

In April, compared to the previous month, the prices of agricultural products, electricity and metals increased more than average, while the prices of electronic products, textiles and electrical equipment decreased more than average.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 May 2017.

Source: Statistics Estonia

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