Producer price index of industrial output, export and import price index, September 2024
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, decreased by 1.6% in September 2024 compared with August and by 0.5% compared with September last year.
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with September 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of fuel oils. “Rising prices in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of electronic equipment had the opposite effect on the index. Producer prices increased by 0.8% in manufacturing as a whole and decreased by 0.8% in the manufacture of food products,” Šokman noted.
Compared with August 2024, the index in September was primarily affected also by price decreases in electricity and heat energy production and in the manufacture of fuel oils. The index was influenced by rising prices in the manufacture of food and plastic products and in the extraction of peat as well.
In September, the export price index fell by 1.2% compared with August. The greatest decrease was registered in the prices of electricity, petroleum products, and paper and paper products. Prices increased the most for rubber and plastic products, in mining and quarrying, and for building materials. Compared with September 2023, the export price index was down by 1.1%.
The import price index fell by 2.0% in September compared with August. Prices decreased the most for electricity, petroleum products, and chemicals and chemical products. The biggest price increases were recorded for fabricated metal products, rubber and plastic products, and wearing apparel. Compared with September 2023, the export price index was down 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