FX.co ★ Estonia Witnesses a Sharp Surge in Producer Price Index for August 2024

On September 20, 2024, new figures revealed a substantial rise in Estonia's Producer Price Index (PPI) for August 2024. The latest data indicated that the PPI surged to 1.7%, a significant increase from the 0.8% recorded in July 2024.

This year-over-year comparison shows the actual change in August 2024 compared to the same month last year. The previous indicator, comparing July 2024 to July 2023, already revealed an upward trend at 0.8%, which has now more than doubled in the latest readout.

The rising PPI reflects escalating costs for producers, which could have downstream effects on the overall economy and consumer prices. Market analysts will be closely monitoring this trend to gauge its long-term implications on Estonian economic stability and growth.