February industrial producer price index increased 3.9 percent on year ({{commentsTotal}})

AS Kolmeks will relocate part of its manufacturing to a new plant in India. Photo is illustrative.
AS Kolmeks will relocate part of its manufacturing to a new plant in India. Photo is illustrative. Source: (Postimees/Scanpix)

According to a press release from Statistics Estonia, the producer price index of industrial output for February 2017 remained unchanged compared to January and increased 3.9 percent year over year.

In February, compared to the previous month, the producer price index was affected more than average by an increase in prices of electricity, gas, steam and air conditioning supply and in the manufacture of textiles and beverages, but also by a decrease in prices in the manufacture of fuel oils and electronic equipment.

Compared to February 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, electricity, gas, steam and air conditioning supply and in the manufacture of food and wood products, but also by a decrease in prices in mining and quarrying and in the manufacture of electrical equipment.

In February of this year, the export price index increased by 0.9 percent compared to January and by 8.1 percent year over year.

Compared to the previous month, February prices for beverages, electricity and parts and accessories for motor vehicles increased more than average, while the prices of rubber and plastic products, chemical products and electronic equipment decreased more than average.

In February 2017, the import price index increased by 0.9 percent compared to January and by 7.9 percent compared to February 2016.

Compared to the previous month, the prices of electricity, chemical and agricultural products increased more than average, while the prices of pharmaceutical preparations, rubber and plastic products decreased more than average.

Editor: Aili Vahtla