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Estonia February Output Price Inflation Slows Modestly

3/20/2013 2:31 AM ET

Estonia's producer price inflation slowed modestly in February, data released by Statistics Estonia showed Wednesday.

The producer price index increased 4.3 percent year-on-year in February, slightly slower than the 4.4 percent gain seen in January.

Prices in the manufacturing sector advanced 1.6 percent annually, while mining and quarrying prices surged 27.4 percent. Prices of electricity, gas, steam and air conditioning supply were higher by 24.7 percent compared to last year.

Month-on-month, producer prices moved up 0.3 percent in February, after rising 3 percent in the previous month.

Data showed that Estonia's import price index decreased 0.3 percent on an annual basis in February. Month-on-month, import prices moved up 0.7 percent. Export prices dropped 0.7 percent year-on-year, and increased 1.3 percent compared to January.

by RTT Staff Writer

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