Estonian Producer Inflation Slows to 2 Years Low
Photo by xtock / Shutterstock.com
Estonian producer prices increased by 4.2% year-on-year in April, slowing from a 7.9% gain in the previous month, figures from the Tallinn-based Statistics Estonia (SE) on Monday show.
It was the lowest reading since February of 2021, due to softer rises in prices of manufacturing sectors (5.2% vs 9.3% in March), mainly food products (13.6% vs 17.7%) and electrical equipment (10.2% vs 12.6%).
On the other hand, decreases were seen in prices of the manufacture of fuel oils and electricity production.
On a monthly comparison basis, producer prices dropped 0.7% in April, after a 0.4% fall in March.
ADVERTISEMENT
MNB Int'l Reserves Fall EUR 358 mln in May
Parl't Approves Amendments to Legislation on Judiciary
Dana to Invest HUF 36 bln in Capacity Expansion in Hungary
Ibis Styles Budapest Airport Hotel Wins Best of Budapest & H...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
