Estonian producer prices increased by 2.8 percent year-on-year in October 2018, after a 2.9 percent advance in the previous month. It is the lowest producer inflation since May, amid slowing prices for manufacturing (1.3 percent vs 1.4 percent in September), as cost rose for wood and fuel oils while it decreased for electronic products. Meantime, producer inflation was steady for water supply, sewerage, waste management and remediation (at 0.5 percent). On the other hand, prices went up faster for electricity, gas, steam and air conditioning supply (24.1 vs 23.6 percent) and prices of mining and quarrying rebounded (0.6 percent vs -1.6 percent). On a monthly basis, producer prices rose 0.3 percent, following a 0.5 percent fall in September. Producer Prices Change in Estonia averaged 5.61 percent from 1994 until 2018, 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 3.30 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 2.60 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.