22.10.201802:12:00UTC+00Estonia's Producer Price Inflation Eases

Estonia's producer price inflation slowed notably in September, data from Statistics Estonia showed Monday.

Producer prices advanced 2.9 percent year-on-year in September, much slower than the 3.4 percent increase posted a month ago. Data showed that prices in manufacturing gained 1.4 percent and cost of water supply rose 0.5 percent. Meanwhile, prices of electricity, gas, steam and air conditioning supply surged 23.6 percent.

On the other hand, mining and quarrying prices decreased 1.6 percent from last year.

Month-on-month, producer prices fell 0.5 percent, reflecting a 5.5 percent fall in electricity, gas, steam and air conditioning supply cost.

Further, data showed that import prices moved up 0.4 percent from August and by 4.6 percent from last year. Export prices edged up 0.1 percent on month taking the annual rate to 2.8 percent.