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Producer prices up 2.4% in Estonia

20.05.2010

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Producer prices in Estonia rose higher in April, according to the latest official figures from the Baltic nation.

Statistics Estonia said prices increased by 2.4 per cent compared to the same month last year and 0.9 per cent on March.

According to Bloomberg, metals prices were 2.3 per cent higher on a monthly basis and more than six per cent year-on-year.

Prices for timber and dairy products rose by 4.9 per cent compared to April 2009 and energy prices were 2.7 per cent higher.

The export price index increased by 1.2 per cent compared to March and 5.1 per cent annually.

Annika Lindblad, a Helsinki-based analyst with Nordea AB, told the news provider: "The figures point toward further inflationary pressure in the months to come from the production side."

Estonia was told last week that it could become the 17th member of the eurozone in January next year.

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