Estonia’s PPI down to 3.4% y/y in May.

By bne IntelliNews June 20, 2013

Estonia’s annual PPI inflation amounted to 3.4% y/y in May 2013, down from 4.6% in April, 4.3% y/y in January and 4.4% in February, data published by Statistics Estonia shows. PPI in y/y terms has been moderating in the past two years to 2.1% in December 2012, but rose in Jan-Feb 2013 on higher prices of electricity as a result of the deregulation of the electricity market that took effect as of 2013.

This trend is confirmed also by May’s data, with y/y increase in prices of electricity, gas, steam and air conditioning supply increasing by 19% y/y (34%-35% y/y in April-March). Manufacturing PPI, at the same time, remained stable at 1.7% y/y in May after 1.6% y/y seen in March and 1.1% y/y in April.

Commenting on Q1 CPI data, the Bank of Estonia recently said that prices of goods were stable if not accounting for electricity prices. CPI inflation amounted to 3.5% y/y and 0.7% m/m in March 2013 (3.7% y/y and 0.6% m/m in February). The electricity price, which rose by 30% y/y, has a major impact on the consumer price increase during the month.

Related Articles

Latvia issues permits to new gas infrastructure holding

The Latvian Public Utilities Commission (SPRK) announced on January 5 that it has issued licences to Conexus Baltic Grid for the transmission and storage of gas. Conexus Baltic Grid will control ... more

Latvijas Gaze agrees to set up spin-off company to operate gas grid and storage

A shareholders' meeting at Latvijas Gaze (LG) decided on December 22 to set up a company that will be used to spin off the country's gas pipelines and storage facilities. The creation of Conexus ... more

Latvia fines Swedbank for failings in anti money laundering measures

The Latvian branch of the Swedish banking group Swedbank said on November 23 it will implement measures to curb money laundering. The pledge follows an audit and a fine of €1.36mn from the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss