07.09.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that consumer prices were 0.9% lower in August than a year earlier. Consumer prices fell for the fifth consecutive month. Prices were down because prices fell for energy and services. Food price inflation is... more

17.08.2020
  Sulev Pert economist at Eesti Pank      

According to Statistics Estonia, year-on-year consumer prices fell by 0.9% in July. Energy prices cheapened by 10%, whereas the price of food products (incl. alcohol and tobacco) went up... more

07.07.2020
Sulev Pert Economist at Eesti Pank

Consumer prices were down 1% over the year in June, but the price level was 0.9% higher than in May.

A large part of the rise over the month came from the electricity price rising, which contributed 0.5 percentage point, while the... more

19.06.2020
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains a full forecast for the Estonian economy, while in March and... more
10.06.2020

Estonia is going through a global pandemic with wide-ranging economic consequences that will leave the economy 10% smaller than it was last year if the virus fades away and restrictions are not re-imposed. The economy has already started to recover as the restrictions that have been introduced... more

05.06.2020
Sulev Pert Economist at Eesti Pank

The consumer basket was 1.7% lower in price in May than a year earlier, and 0.7% lower than in the previous month. Prices in the euro area rose by an average of 0.1% in May, as inflation remained modest in several large countries.

... more

08.05.2020
Sulev Pert Economist at Eesti Pank

The consumer price index fell by 0.4% in the month of April and was 0.8% lower than a year earlier. Estonia last experienced deflation in 2016. Energy prices were down 9% over the year while food prices rose by 1.2%, but the prices of... more

17.04.2020
Like elsewhere in Europe and other countries around the world, the most topical question affecting the Estonian economy is what impact the steps taken to combat the COVID-19 pandemic and the restrictions they have placed on the activities of households and businesses will have. This issue of Eesti... more
07.04.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that the rise in consumer prices slowed in March to 0.9% over the year. The price level dropped by 0.7% over the previous month.

Consumers stockpiled food products and other essentials in the... more

06.03.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly inflation rose in February to 2%. Inflation was driven by higher prices for services and food products, but was restrained by lower energy prices.

Weakness in global economic activity has... more

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