Estonia posted industrial producer price inflation of 14.2% y/y in June 2013, according to the report by European Statistical Agency Eurostat. This made the highest annual PPI in EU in June. Lithuania showed 0.4% y/y PPI and Latvia 1.5% y/y. In the Eurozone and EU-27 industrial producer price inflation stood at 0.7% y/y and 0.6% y/y in June, respectively.
Statistics Estonia report showed that Estonia’s PPI amounted to 6% y/y and 2.5% m/m in June 2013, increasing sharply as compared to 3.4% y/y and -1.2% m/m and posting the fastest monthly y/y producer price growth this year.
PPI in y/y terms was moderating throughout 2011 and 2012 to 2.1% in December 2012, but hiked in Q1/2013 on higher prices of electricity as a result of total deregulation of the electricity market that took effect as of 2013. This trend is confirmed also by June’s data, with prices of electricity, gas, steam and air conditioning supply increasing by 52% y/y and 28.4% m/m (34%-35% y/y in April-March).
Manufacturing PPI, at the same time, remained stable at 1.6% y/y in June after 1.6% y/y seen in March, 1.1% y/y in April, and 1.7% y/y in May.
Related Articles
Estonian banks see €368mn profit in Q1 2025
Commercial banks in Estonia earned a combined profit of €368mn in the first quarter of 2025, down from €444mn a year earlier but up from €291mn in the previous quarter, according to Eesti Pank, ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
Swedbank Estonia CEO says Lithuania's bank taxes spooked investors' and foreign banks’ interest
Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
11 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago