In September, the industrial producer price index was affected by a fall in electricity prices

According to Eveli Šokman, leading analyst at Statistics Estonia, in September compared to August 2020, the producer price index was affected by price decreases in electricity and heat energy supply and in the manufacture of electrical equipment, food products and plastic products. “Price increase in the manufacture of electronic equipment also had an impact on the index,” said Šokman.

Compared to September 2019, the index was affected the most by price decreases in electricity and heat energy supply and in the manufacture of fuel oils and electronic equipment. Price increase in the manufacture of textiles also had an impact on the index.

Compared to August 2020, the export price index decreased by 0.5%. The prices of oil products, electricity and electrical equipment decreased the most, while the prices of agricultural products, leather products and footwear, and garments increased the most. Compared to September 2019, the export price index decreased by 5.9%.

The import price index remained at the same level compared to August 2020. The prices of oil products and electricity decreased more than average, while the prices of leather products and footwear, agricultural products and garments increased more than average. The import price index decreased by 5.8% compared to September 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.

More detailed data have been published in the statistical database.

See also the prices theme page.
 

For further information:

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