Estonian producer prices dropped by 1.3 percent year-on-year in August 2019, following a 0.2 percent fall in the previous month. It is the second straight month decline in producer prices and the steepest drop since August 2016, as electricity, gas, steam and air conditioning supply prices decreased faster (-8.7 percent vs -7.2 percent in July) and manufacturing prices went down by 1.2 percent ( vs 0.3 percent). On the other hand, mining and quarrying prices increased faster (7.5 percent vs 6.5 percent), while cost of water supply, sewerage, waste management and remediation rose by 0.9 percent, the same pace as in July. On a monthly basis, producer prices declined 0.2 in August, reversing a 0.1 percent rise in a month earlier. Producer Prices Change in Estonia averaged 5.49 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 0.10 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 2.00 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.