20.09.201803:18:00UTC+00Estonia Producer Prices Continue To Rise In August

Estonia's producer prices continued to increase in August, largely led by the jump in utility costs, preliminary data from Statistics Estonia showed on Thursday.

The producer price index of industrial production rose 3.4 percent year-on-year amid a 32.6 percent surge in utility costs. In July, prices increased 3.2 percent.

Manufacturing prices rose 1.3 percent, while costs decreased 2.6 percent in mining and quarrying.

Producer prices inflation was also influenced by an increase in prices in the manufacture of electronic equipment and in the manufacture of beverages, but also by a decrease in prices in the manufacture of wearing apparel and metal products, the agency said.

On a month-on-month basis, the producer price index climbed 1 percent in August. In July, the monthly change was 0.7 percent.