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
06.07.2018
Sulev Pert Economist at Eesti Pank
  • Prices of energy and services rose by most over the month
  • The electricity bill for a household with average electricity consumption may be 4-8 euros higher in the winter months
  • Prices for services rose because of... more
26.06.2018
  • Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in 2020
  • Inflation will start to slow to 2.9% in 2018, 2.5% in 2019, and 1.9% in 2020
  • Wage growth will remain fast until 2020 at around 6-7%
  • The low level of investment by companies... more
12.06.2018

Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.

  • The central banker believes that the Estonian economy is already simmering... more
07.06.2018
Sulev Pert Economist at Eesti Pank
  • Energy goods, meaning motor fuels, electricity and solid fuels, rose most in price in the year to May
  • Food price inflation is coming down, albeit slowly
  • The general slowing of inflation that started at the end of... more
08.05.2018
Sulev Pert Economist at Eesti Pank
  • Rises in excise have made the inflation rate in Estonia one of the highest in the euro area
  • The price of electricity has been very volatile and inflation in it slowed to 7% in April
  • Inflation this year will be close... more
06.04.2018
Sulev Pert Economist at Eesti Pank
  • Inflation slowed from 3.1% to 2.8% in March
  • Inflation for primary goods affects poorer households particularly
  • Economic growth in the external environment is gathering momentum and this will lead to higher inflation... more
07.03.2018
Sulev Pert Economist at Eesti Pank
  • Inflation decelerated in February because of the higher reference base for prices of energy and food
  • Rapid economic growth is likely to give a boost to inflation
  • A rise of 3% in the price of the consumer basket can... more
07.02.2018
Sulev Pert Economist at Eesti Pank
  • The oil price continued to rise on world markets in January and energy prices were up 5.9% over the year in Estonia
  • The yearly growth in food prices reached 7% in January, which partly reflects the impact of earlier rises in... more
16.01.2018

Interview with Ardo Hansson, Governor of Eesti Pank and Member of the Governing Council of the European Central Bank (ECB)

Mr. Hansson, is inflation dead?

No, definitely not. Of course, we all face a certain puzzle: The economy in the euro area, for example, is currently... more

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