Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly inflation slowed in January to 2.7%. Preliminary assessments show that inflation in the euro area stood at 1.4% at the same time.

Inflation was notably lower in January than in the... more

Sulev Pert Economist at Eesti Pank

Inflation remained high in 2018 in Estonia. Prices in Estonia rose at twice the average rate for the euro area, averaging 3.4% over the year. The main cause of inflation in Estonia and in the euro area as a whole was the rise in the price of... more


The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

Sulev Pert Economist at Eesti Pank

Consumer price inflation in Estonia in November was 3.4%. It hit a peak of 4.4% in October and has shown signs of coming down over several months. The rate of inflation fell primarily because crude oil prices fell on global markets, which... more

Sulev Pert Economist at Eesti Pank

Consumer prices were 0.5% higher in October than in the previous month, and 4.4% higher than a year earlier. Accelerating inflation for services, which is related to rising wages, has started to push prices up strongly, and so inflation will... more

Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show the yearly growth in consumer prices to have accelerated further in September. The largest contributors over the year have been the prices of motor fuels and electricity. Inflation has also been boosted this... more

Sulev Pert Economist at Eesti Pank

Statistics Estonia says that the consumer basket in Estonia was 3.6% more expensive in August than it was a year ago. Higher oil price and rapid wage growth raise prices in general. As the summer was unfavourable for farmers, food prices may... more

Sulev Pert Economist at Eesti Pank
  • Inflation slowed to 3.5% in July
  • Prices continued to rise rapidly for alcohol even without the effect of higher excise
  • Seasonal discounts for manufactured goods offset higher prices for services
  • ... more
Sulev Pert Economist at Eesti Pank
  • Prices of energy and services rose by most over the month
  • The electricity bill for a household with average electricity consumption may be 4-8 euros higher in the winter months
  • Prices for services rose because of... more
  • Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in 2020
  • Inflation will start to slow to 2.9% in 2018, 2.5% in 2019, and 1.9% in 2020
  • Wage growth will remain fast until 2020 at around 6-7%
  • The low level of investment by companies... more
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