05.04.2019
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

07.03.2019
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

07.02.2019
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

08.01.2019
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

19.12.2018

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

07.12.2018
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

07.11.2018
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

05.10.2018
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

07.09.2018
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

07.08.2018
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
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