Estonian Producer Prices Fall Further in August
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Estonian producer prices dropped 4.4% year-on-year in August, extending the 3.2% fall in the previous month, data from the Tallinn-based Statistics Estonia(SE) showed on Wednesday.
It was the third consecutive month of deflation and the sharpest in the sequence, as prices continued to fall for electricity, gas, steam & air-conditioning (-48.7% vs -36.3% in July) and manufacturing (-1.3% vs -1.1%), and slowed for water supply (16.9% vs 19.9%).
Meanwhile, prices declined less for mining & quarrying (-1.6% vs -3.4%).
On a monthly comparison basis, producer prices increased 0.1% in August, recovering from a 1% fall in the previous month.
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