Producer price indices decreased in May

News
Posted on 22 June 2009, 11:00

According to Statistics Estonia, in May 2009 the producer price index decreased 0.5% compared to April and 0.6% compared to May 2008.

In May compared to the previous month the producer price index was more than average influenced by the decrease in prices in mining and in energy supply and by the increase in prices of the manufacture of wearing apparel. Compared to May 2008 the prices increased most in energy supply and in mining.

Change in the producer price index by economic activity, May 2009

Economic activity April 2009 –
May 2009, %
May 2008 –
May 2009, %
TOTAL -0.5 -0.6
Energy supply -0.8 21.3
Mining -1.3 7.8
Manufacturing -0.5 -2.8

In May 2009 the export price index decreased 0.2% compared to April 2009 and 4.1% compared to May 2008.

In May compared to the previous month, the export price index was more than average influenced by the decrease in prices in forestry, in the manufacture of building materials and in the manufacture of metals and metal products.

In May 2009 the import price index decreased 0.6% compared to April 2009 and 7.6% compared to May 2008.

In May compared to the previous month, the import price index was more than average influenced by the decrease in prices of mineral fuels, metals and metal products and food products and beverages and by the increase in prices of electrical machinery and chemical products.