In April, wood manufacturing had the biggest impact on the producer price index

Eveli Šokman, leading analyst at Statistics Estonia, said that, compared to March, the index was affected the most by increased prices in the manufacture of wood and wood products, fabricated metal products and plastic products. „At the same time, falling prices in the manufacture of fuel oils and wearing apparel had an opposite impact on the index,” commented Šokman.

Compared to April 2020, the index was affected the most by increased prices in electricity production, manufacture of wood and wood products and manufacture of electronic equipment. Year on year, the index was also influenced by decreased prices in the manufacture of textiles.

In April, compared to March, the export price index rose by 1.3%. The biggest price increases occurred in the manufacture of paper and paper products, electricity production and manufacture of rubber and plastic products. Prices decreased the most in the manufacture of footwear and refined petroleum products. Compared to April 2020, the export price index increased by 9.9%

The import price index rose by 1.5% in April compared to March. Prices increased the most in the manufacture of wood products and chemical products and in electricity production. The biggest fall in prices occurred in the manufacture of footwear and wearing apparel. Compared to April 2020, the import price index increased by 9.4%.

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

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