Estonian Producer Inflation Slows to 2 Years Low
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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.
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