Estonia Producer Inflation Eases in July

Estonia’s producer prices rose by 3.5% year-on-year in July 2026, easing from a five-month high of 3.8% in the previous month. Price growth slowed in mining and quarrying (4.7% vs 8.8% in June) and in electricity, gas, steam, and air conditioning, where it moderated sharply to 8.4% from 24.9% previously. Meanwhile, producer prices in manufacturing accelerated to 3.5% from 2.6%, driven mainly by higher prices for wearing apparel, wood and wood products, paper and paper products, coke and refined petroleum products, chemicals and chemical products, rubber and plastic products, other non-metallic mineral products, and computer, electronic and optical products. Costs in water supply, sewerage, waste management, and remediation activities also accelerated to 3.4% from 2.5% in June. On a monthly basis, producer prices declined by 0.6%, following a 0.3% drop in the previous month.

Producer prices in Estonia rose by 3.8% year-on-year in June 2026, accelerating from a 2.7% increase in the previous month. This marked the sixth consecutive month of growth and the fastest pace since January, driven largely by a 24.9% surge (vs -5.8% in May) in prices for electricity, gas, steam and air conditioning supply. Manufacturing costs (2.6% vs 3.3%) also continued to increase as prices for the manufacture of coke and refined petroleum products (30.2% vs 52.6%) remained sharply higher, alongside pharmaceutical products (at 8.8%) and rubber and plastic products (7.8%). Additionally, price growth rose faster for water supply, sewerage, waste management and remediation activities (2.5% vs 2.1%). In contrast, deflation persisted for food production (-3.5% vs -2.9%), textiles (-4.3% vs -5.6%), and repair of machinery and equipment (-3% vs -2.5%). On a monthly basis, producer prices fell by 0.3% in June, reversing a 1.1% gain in May.

Estonian producer prices rose by 2.7% year-on-year in May 2026 from 1.8% in the previous month. This marked the highest reading since January, as costs increased at a faster pace in mining and quarrying (6.3% vs 4.3% in April) and manufacturing (3.3% vs 3.0%), particularly for the manufacture of coke and refined petroleum products (52.6% vs 45.8%), beverages (5.4% vs 3.3%), rubber and plastic products (6.6% vs 1.8%), leather and related products (3.9% vs 3.2%), wood and wood products (4.5% vs 4.4%), paper and paper products (4.0% vs 2.9%), basic pharmaceutical products and preparations (8.8% vs 8.0%), and fabricated metal products, except machinery and equipment (2.3% vs 1.8%). Deflation in electricity, gas, steam and air-conditioning supply also eased (-5.8% vs -14.7%). In contrast, price growth slowed in water supply, sewerage, waste management and remediation activities (2.1% vs 4.1%). On a monthly basis, producer prices picked up to 1.1% after a flat reading in April.