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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia PPI MoM climbed to 0.4% in December 2024
FMPMonthlyReleased January 2025
Estonia PPI MoM climbed to 0.4% in December 2024, released January 2025, up 0.8% from November's -0.4% reading. The print came in cooler than the 0.5% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of -0.01%. Over the past 3 months, PPI MoM averaged -0.05%, vs -0.07% in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
0.4
Actual
0.5
Consensus
-0.4
Previous
Median Absolute Error
±0.61 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 0.63
Actual: 0.4
Error: +0.22
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (Estonia) was reported at 0.4% in January 2025. This missed the market consensus of 0.5% by 0.1%. The reading rose from the previous value of -0.4%.
WHY IT MATTERS
The trailing three releases averaged 0.1%, up from the prior three at -0.07%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.61%.
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI MoM - EE
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About PPI MoM — Estonia
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 0.4 %, consensus 0.5 %. Prior reading (Nov 2024): -0.4 %. Before that (Oct 2024): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.