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The industrial producer prices decreased by 0.8% in Estonia in February

Eveli Šokman, Statistics Estonia, 20.03.2018.Print version
According to Statistics Estonia, in February 2018, the producer price index of industrial output changed by -0.8% compared to January and by 2.7% compared to February 2017.

In February, compared to the previous month, the producer price index was affected more than average by a decrease in prices in the manufacture of electronic equipment and chemicals, but also by an increase in prices in electricity, gas, steam and air conditioning supply and in the manufacture beverages.

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


Change in producer price index of industrial output by economic activity, February 2018

Economic activity according to EMTAK 2008

January 2018 –
February 2018, %

February 2017 –
February 2018, %

TOTAL

-0.8

2.7

Manufacturing

-1.7

2.0

Mining and quarrying

-1.4

-4.9

Electricity, gas, steam and air conditioning supply

10.2

15.0

Water supply; sewerage, waste management and remediation activities

0.0

0.8


In February 2018, the export price index changed by -2.0% compared to January and by 0.9% compared to February 2017.

In February, compared to the previous month, the prices of electronic equipment, oil products and wearing apparel decreased more than average, while the prices of electricity, forestry products, and paper and paper products increased.

In February 2018, the import price index changed by 0.1% compared to January and by 1.0% compared to February 2017.

In February, compared to the previous month, the prices of electricity, building materials and metal products increased more than average, while the prices of agricultural products and oil products decreased.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 March 2018. 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.






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