Kaspar Oja Economist at Eesti Pank

Consumer prices were on average 2.4% higher in June than a year earlier. Inflation, which had been 3.1% in May, was brought down by energy prices rising more slowly. Prices will start to be affected in July by the cut in the rate of excise... more

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

The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more

Sulev Pert Economist at Eesti Pank

The consumer basket of Estonian consumers was up in price by 3.1% over the year in May, while inflation in the euro area was only 1.2%. Prices rose faster in Estonia than in the euro area for both goods and services.

Prices are... more


Eesti Pank and the Estonian Debating Society staged a debate today in the Sütevaka Gümnaasium school in Pärnu, in which school students analysed whether inflation is helpful or harmful for an economy.

Deputy Governor of Eesti Pank Madis Müller said the aim of the debate was to get school... more

Sulev Pert Economist at Eesti Pank

Statistics Estonia finds that prices rose  by 1.3% in a month in Estonia and yearly inflation reached 3.2%. Half of the month-on-month price increase was contributed by three product groups, which were motor fuels, vegetables and air tickets... more

Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that consumer prices were 2.3% higher in March than a year earlier. Inflation has been slowed in recent months by the price level of electricity, which fell 11% in two months. At the same time, inflation has... more

Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly inflation slowed in February to 2%, meaning it was 0.8 percentage point lower than in January. Inflation was mainly slowed by external factors like slower growth in the global economy and... more

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

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