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Estonia Sep Producer Price Inflation Accelerates

Estonia's producer price inflation accelerated in September on a surge in electricity and gas prices, Statistics Estonia reported Monday.

Producer price inflation rose to 4.9 percent in September from 3.4 percent in August. Within overall prices, cost of electricity, gas, steam and air conditioning supply advanced sharply by 40 percent. Prices in manufacturing and mining were up 1.6 percent and 7.1 percent, respectively.

Month-on-month, producer prices gained 1.2 percent in September.

The export price index remained flat on month in September, while it dipped 1.7 percent from the corresponding period of previous year.

Driven by agricultural products and electricity prices, import prices climbed 0.5 percent in September from August. Meanwhile, compared to September 2012, import prices fell 2.4 percent.

by RTTNews Staff Writer

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