Estonia’s producer prices rose by 2.7% year-on-year in May 2026, up from 1.8% in April, marking the strongest increase since January. The acceleration was driven by faster cost growth in both mining and quarrying (6.3% vs 4.3% in April) and manufacturing (3.3% vs 3.0%). Within manufacturing, notable increases were recorded in 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 pharmaceutical preparations (8.8% vs 8.0%), and fabricated metal products, excluding machinery and equipment (2.3% vs 1.8%).
Deflation in electricity, gas, steam and air-conditioning supply moderated, with prices falling 5.8% compared with a sharper 14.7% decline in April. By contrast, price growth eased in water supply, sewerage, waste management and remediation activities (2.1% vs 4.1%). On a monthly basis, producer prices increased by 1.1% in May, following a flat reading in April.
