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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Producer Price Index MoM held to 1.4% in September 2026
FMPMonthlyReleased October 2026
Estonia Producer Price Index MoM held to 1.4% in September 2026, released October 2026. The print exceeded the 0.7% consensus by 0.7%. The print is running well above the 12-month average of 0.29%. Over the past 3 months, Producer Price Index MoM averaged 0.4%, vs 0.27% in the prior 3-month window. Producer Price Index MoM is now the highest in 7 months.
Latest Release
1.4
Actual
0.7
Consensus
1.4
Previous
Median Absolute Error
±0.81 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.52
Actual: 1.4
Error: -0.88
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Estonia) was reported at 1.4% in October 2026. This beat the market consensus of 0.7% by 0.7%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.73%, ranging from -1.1% to 5.7% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.73%, up from the prior three at 0.27%. Volatility over the past year (σ 1.75%) is comparable than the prior year (σ 1.82%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.81%.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index MoM - EE
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About Producer Price Index MoM — Estonia
DEFINITION
Estonia's Producer Price Index MoM rose 1.400000% in September, matching August's pace and doubling the 0.700000% estimate. The index held steady from August's 1.400000%, signaling persistent inflationary pressure in the producer sector. Market participants will watch upcoming data for signs of easing as central banks maintain cautious stances. Updated 10/20/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Sep 2026): actual 1.4 %, consensus 0.7 %. Prior reading (Aug 2026): 1.4 %. Before that (Jul 2026): -0.6 %.
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. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.61) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - EE Events
| Thursday, November 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | EE | Industrial Production MoM | 4.2 | -2.6 | -3.90 | Low | |
| 06:00 | EE | Industrial Production YoY | 4.5 | 3.4 | 2.85 | Low | |