Estonian PPI inflation eases further to just 0.5% y/y in June

Estonian PPI inflation eases further to just 0.5% y/y in June
By bne IntelliNews July 23, 2019

Estonia's producer price index (PPI) grew 0.5% y/y in June, data released by Statistics Estonia showed on July 22.

The headline figure sees the PPI inflation rate ease 0.6pp compared to the annual reading in May. That still extends the current trend of PPI inflation to 33 months straight. On a monthly basis, the index inched up 0.1% after retreating 0.4% the preceding month.

The annual PPI growth in June came on the back of prices growing 7.5% y/y in the mining and quarrying sector. Prices in the manufacturing sector contributed with an expansion of 0.3% y/y.

PPI fell 5.4% y/y in electricity, gas, steam, and air conditioning supply whil not changing in the water supply segment.

In m/m terms, PPI did not change in the water supply and manufacturing sectors. Factory gate prices gained 0.5% m/m in mining and quarrying. Prices also grew in the utility sector, at 1.4% m/m.

Estonia's consumer price index (CPI) grew 2.4% y/y in June, Statistics Estonia said earlier this month. Growing prices in the food and non-alcoholic beverages segment drove inflation, data showed.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Content

AI and cybersecurity to drive CEE tech sector

Baltic states aim to go nuclear but have to wait

IMF says Estonia should take decisive steps to restore its competitiveness

Data

Ford drives hike in car production in Romania

Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.

Akbank launches spring syndicated loan renewals season for Turkish banks at better costs

Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.

Ukraine's birth rate plummets to 300-year low as country’s population collapses

Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.

Russia’s $13.4bn current account surplus in March second highest since 2007

Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.

Automotive sector output in Hungary edges up 1.6% y/y in February

Headline industrial output rose 1.8% in February, increasing for the first month in about a year.

Ford drives hike in car production in Romania
1 day ago
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
2 days ago
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
Russia’s $13.4bn current account surplus in March second highest since 2007
2 days ago
Automotive sector output in Hungary edges up 1.6% y/y in February
3 days ago

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss