Estonian Producer Inflation Slows to 3-Month Low
Estonian producer prices increased by 0.5 percent year-on-year in June 2019, the least since March, compared to a 1.1 percent rise in the previous month. Cost went up faster for mining and quarrying (7.5 percent vs 5.0 percent in May) while cost of manufacturing rebounded (0.3 percent vs -0.1 percent), mainly due to increases in prices of manufacture food products. Meanwhile, cost of water supply, sewerage, waste management and remediation was unchanged (the same as in May). By contrast, electricity, gas, steam and air conditioning supply prices fell sharply (-5.4 percent vs 6.9 percent in May). On a monthly basis, producer prices edged up 0.1 in June, after a 0.4 percent drop in a month earlier.
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