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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Producer Price Index YoY fell to 3.5% in July 2026
FMPMonthlyReleased August 2026
Estonia Producer Price Index YoY fell to 3.5% in July 2026, released August 2026, down 0.3% from June's 3.8% reading. The reading missed the 4.6% consensus by 1.1%. The print is running well above the 12-month average of 1.0%. Over the past 3 months, Producer Price Index YoY averaged 3.25%, vs 1.9% in the prior 3-month window. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
3.5
Actual
4.6
Consensus
3.8
Previous
Median Absolute Error
±0.96 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 4.82
Actual: 3.5
Error: +1.32
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 | −0.66 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.52 | 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 YoY (Estonia) was reported at 3.5% in August 2026. This missed the market consensus of 4.6% by 1.1%. The reading fell from the previous value of 3.8%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 1.55%, ranging from -1.6% to 4.3% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 3.33%, up from the prior three at 2.3%. Volatility over the past year (σ 1.78%) is lower than the prior year (σ 2.77%).
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 0.96%.
WHAT TO WATCH NEXT
The next release is scheduled for September 21, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Producer Price Index YoY - EE
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About Producer Price Index YoY — Estonia
DEFINITION
Estonia's Producer Price Index YoY for August came in at 3.5%, missing the 4.6% estimate and down from July's 3.8%. The slowdown from July to August indicates easing inflationary pressures in producer prices. Market focus will remain on upcoming inflation data and central bank signals amid this moderation. Updated 8/21/26
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 (Jul 2026): actual 3.5 %, consensus 4.6 %. Prior reading (Jun 2026): 3.8 %. Before that (May 2026): 2.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.66) — a useful reference for forex-focused traders.
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Economic Calendar - EE Events
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | EE | Producer Price Index MoM | -0.6 | 1 | 1.30 | Low | |
| 05:00 | EE | Producer Price Index YoY | 3.5 | 2.9 | 3.20 | Low | |