The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and export, increased by 0.3% in April 2024 compared with March and decreased by 2.9% compared with April last year. 

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with April 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of wood and wood products and food products.

“The index was also influenced by price increases in the manufacture of electronic equipment and the repair of machinery and equipment. Producer prices decreased by 1.0% in manufacturing as a whole and by 3.1% in the manufacture of food products,” Šokman added.

Compared with March 2024, the index was primarily affected by price increases in the manufacture of wood and wood products, fuel oils, and metal products. Falling prices in electricity and heat energy production and in the manufacture of metal and food products had the opposite effect on the index.

In April, the export price index rose by 0.9% compared with March. The greatest increase was registered in the prices of petroleum products, agricultural products, and metal. Prices fell the most for electricity, in mining and quarrying, and for leather products and footwear. Compared with April 2023, the export price index declined by 2.7%.

The import price index rose by 0.1% in April compared with March. The greatest increase was registered in the prices of metal, food products, and wood products. Prices decreased the most for electricity, electrical equipment, and industrial machinery and equipment. Compared with April 2023, the import price index declined by 1.8%.

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