Estonian producer prices increased by 0.4 percent year-on-year in March 2019, slower than a 0.6 percent rise in the previous month. Prices of mining and quarrying went up faster (5.2 percent vs 4.6 percent in February) while those of manufacturing rebounded (0.1 percent vs -0.4 percent), mainly due to increases in prices of manufacture of goods products and fuel oils. Meantime, cost of water supply, sewerage, waste management and remediation was unchanged (the same as in February). On the other hand, cost of electricity, gas, steam and air conditioning supply fell (-3.7 percent vs 8.1 percent). On a monthly basis, producer prices were flat in March, after a 0.5 percent fall in a month earlier. Producer Prices Change in Estonia averaged 5.53 percent from 1994 until 2019, reaching an all time high of 40.44 percent in October of 1994 and a record low of -3.10 percent in July of 2015.
Producer Prices Change in Estonia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Estonia to stand at 2.20 in 12 months time. In the long-term, the Estonia Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.