06.12.2019
Working Papers of Eesti Pank 8/2019 This paper takes a fresh look at the use of the Phillips curve and various inflation expectation proxies for tracking euro area inflation dynamics in the aftermath of the global financial crisis of 2008. Because inflation expectations can be measured in a... more
06.12.2019
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly growth in prices picked up to 1.8% in November. A similar slight rise in inflation was also felt in other euro area countries. Consumer prices in Estonia were 0.2% lower than in the previous... more

07.11.2019
Sulev Pert Economist at Eesti Pank

The yearly growth in the Estonian consumer price index slowed from 2.2% in September to 1.6% in October. Inflation fell because prices fell for energy and rose more slowly than previously for food products.

Inflation was lower in... more

07.10.2019
Sulev Pert Economist at Eesti Pank

According to Statistics Estonia, consumer prices were up 2.2% from last year in September. Price hikes are declining however, both in the euro area and in Estonia. Inflation in the euro area fell from 1% in August to 0.9% in September, but... more

06.09.2019
Sulev Pert Economist at Eesti Pank

Consumer prices were up 2.4% on a year earlier in August. Inflation was slowed most by energy prices, but pushed up by rising prices for services.

Energy prices mainly fell because the oil price fell on global markets, but the... more

07.08.2019
Sulev Pert Economist at Eesti Pank

The price level in Estonia in July was 2.1% higher than a year earlier, but was 0.1% lower than in June. The cut in the excise on alcohol had a substantial impact on this. Inflation has also weakened in foreign markets.

The lower... more

05.07.2019
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

17.06.2019
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
12.06.2019

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

07.06.2019
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

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