Statistics: Producer price index affected most by falling dairy prices ({{contentCtrl.commentsTotal}})

Dairy cows in Estonia. A fall in dairy products' prices affected the producer price index between March and April more than any other category.
Dairy cows in Estonia. A fall in dairy products' prices affected the producer price index between March and April more than any other category. Source: Olev Kenk/ERR

The producer price index of industrial output fell by 4.4 percent on year to April, and by 0.3 percent on month, state agency Statistics Estonia reports.

The index was affected the most by price falls in electricity and heat energy supply, on year to April, but on month, the index was most affected by price drops in the production of dairy products, Eveli Šokman,leading analyst at Statistics Estonia, says.

"The index was also affected by price decreases in mining and quarrying, electricity and heat energy supply, and in the production of chemicals and fuel oils. At the same time, prices increased in the production of electronic equipment and manufacture of wood products," she said.

A price decrease in the manufacture of electronic equipment and fuel oils, as well as price increases in the manufacture of metal and textile products, had a higher-than-average impact on the index, Statistics Estonia adds.

Breakdown

The export price index fell by 1.9 percent between March and April. The prices of oil products, electricity and chemical products decreased the most, while the prices of textile products, wood products and parts and accessories for motor vehicles increased.

Compared with April 2019, the export price index decreased by 8.9 percent, Statistics Estonia reports.

The import price index fell by 4.0 percent over the same period. The prices of oil products, chemical products and electricity fell more than average, while the prices of raw forest products, various industrial products and textile products increased, the agency says.

On year, import price index fell by 7.9 percent.

More detailed information is here.

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Editor: Andrew Whyte

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