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Estonia producer prices fall further in August

Estonia’s producer prices continued to decline in August, the latest data from Statistics Estonia (SE) shows. The producer price index declined 2.2% year-on-year in August. 

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Prices of manufacturing fell 1.8% annually in August. Prices for electricity, gas, steam and air conditioning supply, and water supply declined 9% and 9.8%, respectively. Meanwhile, prices for mining and quarrying industry grew 1%.

On a month-on-month basis, producer prices rose 1.1% in August. Import prices rose 0.3% monthly in August and declined 5.6% from a year ago. Export prices increased 0.5% monthly in August and fell 5.8% annually, SE said on September 21.