Estonia producer prices rise in December
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Estonia's producer prices grew in December, data from Statistics Estonia(SE) showed on Wednesday.
The producer price index (PPI) rose 0.7% year-on-year in December. Prices for mining and quarrying industry grew 5.8% yearly in December. Prices for electricity, gas, steam and air conditioning supply, and water supply gained 8.7% and 0.5%, respectively. Prices of manufacturing decreased 0.1% in December. On a month-on-month basis, producer prices rose 0.7% in December.
Compared to the previous month, the PPI was affected the most by rising prices in electricity production, manufacture of electronic equipment and manufacture of wood and products of wood, Eveli Sokman, an analyst at Statistics Estonia, said. Import prices rose 0.8% monthly in December and decreased 5.4% from a year ago. Export prices grew 1.4% monthly in December and declined 2.6% yearly.
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