Producer price index rose by 0.7%
In December 2020, 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 exports, increased by 0.7% compared to November 2020 and by 0.7% compared to December 2019.
According to Eveli Šokman, leading analyst at Statistics Estonia, in December 2020 compared to November, the producer price index was affected the most by price increases in electricity production, manufacture of electronic equipment and manufacture of wood and products of wood. “Price decreases in the manufacture of food products, in mining and quarrying and in the manufacture of beverages had an opposite impact on the index,” added Šokman.
Compared to December 2019, the index was affected the most by price increases in the manufacture of electronic equipment, electricity production and in the manufacture of wood and products of wood. Price decreases in the manufacture of fuel oils, food products and paper products also had an impact on the index.
| Economic activity according to EMTAK 2008 | November 2020 – December 2020, % |
December 2019 – December 2020, % |
|---|---|---|
| TOTAL | 0.7 | 0.7 |
| Manufacturing | 0.3 | -0.1 |
| Mining and quarrying | -0.8 | 5.8 |
| Electricity, gas, steam and air conditioning supply | 6.2 | 8.7 |
| Water supply; sewerage | 0.2 | 0.5 |
In December 2020 compared to November, the export price index increased by 1.4%. Price increases affected electricity production, manufacture of oil products and electronic equipment. The biggest price decreases were recorded in the manufacture of beverages, electrical equipment and furniture. Compared to December 2019, the export price index fell by 2.6%.
In December 2020 compared to November, the import price index increased by 0.8%. Prices increased the most in electricity production, manufacture of oil products and manufacture of agricultural products. Price decreases were largest in the manufacture of leather products and footwear and manufacture of food products. The import price index fell by 5.4% compared to December 2019.
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 dedicated section on prices.
More detailed data have been published in the statistical database.
For further information:
Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181