Industrial producer index rose by nearly 25 percent on year to December
In December 2021, 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 for export, increased by 24.7 percent compared to December 2020 and by 5.3 percent compared to November 2021, state agency Statistics Estonia reports.
The leading analyst at Statistics Estonia Eveli Šokman said that compared to December 2020, the index was affected the most by price increases in electricity and heat energy production, in the manufacture of wood and wood products and in the manufacture of metal products.
In December 2021, compared to November, the producer price index was primarily affected by price increases in electricity and heat energy production, in the manufacture of food products and electronic equipment. "Price decreases in the manufacture of wood and chemicals had an opposite effect on the index," Šokman said.
In December 2021, compared to November, the export price index rose by 0.7 percent. The biggest price increases occurred in electricity production, in the manufacture of footwear, leather products and food products. Prices fell the most for oil products, chemical products and agricultural products. Compared to December 2020, the export price index increased by 20.0 percent.
The import price index rose by 1.7 percent in December 2021 compared to the previous month. Prices increased the most in electricity production, mining and quarrying, and agricultural production. Prices decreased the most in the manufacture of oil products, wood products and chemical products. Compared to December 2020, the import price index increased by 26.0 percent.
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Editor: Roberta Vaino
