Estonia Producer Prices Fall Further in December
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Estonia's producer prices declined for the seventh straight month in December, and at a faster pace, figures from Statistics Estonia (SE) showed on Monday.
The producer price index (PPI) fell 4.4% year-on-year in December, after a 3.3% decline in November.
Compared with the same month last year, the index was most affected by price decreases in electricity and heat energy production as well as in the manufacture of wood and wood products, paper products, and food products, the Tallinn-based statistics agency said.
On a monthly basis, producer prices decreased by 0.8% in December. Data also showed that import prices decreased by 1.0% monthly and by 3.3% annually in December. Export prices declined 0.4% over the month and fell 3.7% from a year ago.
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