Producer Price Index up 22.4% YOY

Text Mark Taylor
Photo Rinson Chory / Unsplash

The Producer Price Index, which expresses changes in the prices of industrial goods manufactured in Estonia for the domestic market and for export increased by 0.2 per cent in November compared with October 2022 and by 22.4 per cent compared with November 2021.

Compared with November 2021, the index was primarily influenced by rising prices in electricity and heat energy production, and in the manufacture of food products and fabricated metal products. The overall price increase in manufacturing was 16.4 per cent. In the manufacture of food products, prices rose by 26.8 per cent,” said Eveli Šokman, a leading analyst at Statistics Estonia.

Compared with October, the Producer Price Index was most affected by price increases in electricity and heat energy production, and in the manufacture of food products and building materials. The index was also impacted by price decreases in the manufacture of electronic products and fuel oil.

The Export Price Index in November remained unchanged compared with October. However, when compared with November 2021, the Export Price Index increased by 20.2 per cent.

The Import Price Index fell by 0.5 per cent in November compared with October. With prices falling the most in mining and quarrying and in the manufacture of wood products and agricultural products. Compared with November 2021, the Import Price Index has risen by 18.0 per cent.

To learn more about this and similar topics
Electricity Production Exports Food Products Imports Manufacturing Producer Price Index Statistics Estonia