Producer price index of industrial output down by 2.9% from last year (Corrected on 20.05.24)
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.3% in April 2024 compared with March and decreased by 2.9% compared with April last year.
The data on the chart in the news release have been corrected. We apologise! Please use the new chart.
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with April 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of wood and wood products and food products. “The index was also influenced by price increases in the manufacture of electronic equipment and in the repair of machinery and equipment. Producer prices decreased by 1.0% in manufacturing as a whole and by 3.1% in the manufacture of food products,” Šokman added.
Compared with March 2024, the index was primarily affected by price increases in the manufacture of wood and wood products, fuel oils, and metal products. Falling prices in electricity and heat energy production and in the manufacture of metal and food products had the opposite effect on the index.
In April, the export price index rose by 0.9% compared with March. The greatest increase was registered in the prices of petroleum products, agricultural products, and metal. Prices fell the most for electricity, in mining and quarrying, and for leather products and footwear. Compared with April 2023, the export price index declined by 2.7%.
The import price index rose by 0.1% in April compared with March. The greatest increase was registered in the prices of metal, food products, and wood products. Prices decreased the most for electricity, electrical equipment, and industrial machinery and equipment. Compared with April 2023, the import price index declined by 1.8%.
Statistics Estonia collects and analyses data for the producer price index of industrial output, export price index and import price index for the Ministry of Economic Affairs and Communications, to understand how the Estonian economy is doing.
See also the prices section on our website.
More detailed data have been published in the statistical database.
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For further information:
Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee