In May, the producer price index of industrial output increased by 8.4% year on year

Eveli Šokman, leading analyst at Statistics Estonia, said that, compared to May 2020, the index was affected the most by increased prices in the manufacture of wood and wood products, in electricity production and in the manufacture of electronic equipment. “The index was also influenced by falling prices in the manufacture of electrical equipment,” noted Šokman.

Compared to April, the producer price index was affected the most by increased prices in the manufacture of wood and wood products, in electricity production and in the manufacture of fabricated metal products and plastic products. Decreased prices in the manufacture of electrical equipment had an opposite impact on the index.

In May, compared to April, the export price index rose by 1.5%. The biggest price increases occurred in electricity production and in the manufacture of basic metals and wood products. The export price index has been rising for 8 consecutive months. Compared to May 2020, the export price index increased by 11.1%

The import price index rose by 1.1% in May compared to April. Prices increased the most in mining and quarrying, in electricity production and in the manufacture of wood products. The import price index has increased for 6 months in a row. Compared to May 2020, the import price index increased by 11.9%.

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.

For further information:

Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

Photo: Shutterstock