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.
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
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
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
Data from Statistics Estonia show that the yearly rise in the price of the consumer basket slowed to 1.6% in January. Consumer prices were 0.4% lower in January than they were in December. The fall in prices over the month was due to cheaper... more
Data from Statistics Estonia show that consumer prices in Estonia were 0.3% lower in December than in November. The biggest changes came from the cut in the water tariff in Tallinn, falling prices for electricity and communications... more
- The Estonian economy will grow by 3.4% this year and 2.3% in 2020
- Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
- Unemployment will rise in... more