Estonian producer prices rose by 2.7% year-on-year in May 2026 from 1.8% in the previous month. This marked the highest reading since January, as costs increased at a faster pace in mining and quarrying (6.3% vs 4.3% in April) and manufacturing (3.3% vs 3.0%), particularly for 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 preparations (8.8% vs 8.0%), and fabricated metal products, except machinery and equipment (2.3% vs 1.8%). Deflation in electricity, gas, steam and air-conditioning supply also eased (-5.8% vs -14.7%). In contrast, price growth slowed in water supply, sewerage, waste management and remediation activities (2.1% vs 4.1%). On a monthly basis, producer prices picked up to 1.1% after a flat reading in April.