08.01.2018
Sulev Pert Economist at Eesti Pank
  • The consumer price index was 0.3% lower in December than in November
  • Average inflation in 2017 reached its highest for four years
  •  Inflation was primarily driven last year by commodities prices

Data from... more

22.12.2017
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 the forecast for the Estonian economy for the current year and the... more
19.12.2017
  • The economy is in its best position since the crisis
  • The economy will grow more slowly in the years ahead, as the strong growth in foreign markets is fading and available production capacity in the economy is becoming exhausted
  • The government is giving an additional... more
07.12.2017
Sulev Pert Economist at Eesti Pank
  • Inflation was at its highest in November since March 2012
  • Food price inflation has not yet disappeared
  • Faster growth in the economy has allowed companies to raise prices

The yearly growth in the consumer... more

07.11.2017
Sulev Pert Economist at Eesti Pank
  • Higher prices for dairy products helped push food prices up by 8.9% over the year
  • The oil price climbed above 60 dollars a barrel
  • Core inflation, which covers the prices of manufactured goods and services, was... more
03.11.2017
Working Papers of Eesti Pank 11/2017 An effective inflation targeting (IT) regime assumes both a change in the stationarity properties of inflation and a lower variability. Within a framework that does not make a priori assumptions about the order of integration, we examine whether... more
06.10.2017
Sulev Pert Economist at Eesti Pank
  • Inflation is due to higher prices for food and energy and rises in excise
  • The consumer price index was 0.1% lower in September than in August because of seasonal factors

Data from Statistics Estonia show the... more

07.09.2017
Sulev Pert Economist at Eesti Pank
  • Inflation is in line with an increase in economic activity, as rising demand makes it easier for companies to raise prices
  • Inflation in the euro area rose in August mainly because of higher prices for energy and food
  • ... more
07.08.2017
Sulev Pert Economist at Eesti Pank
  • The rise in the excise on beer increased the price level by 0.4 percentage points in July
  • Inflation stood at 3.6% in July according to Statistics Estonia and half of it was due to a 6.4% rise in food prices.

Core... more

10.07.2017
Sulev Pert Economist at Eesti Pank
  • Estonia stands out among the euro area countries for the general rise in food prices
  • Inflation has been reined back by external factors, primarily the lower oil price
  • The low oil price means that inflation this year... more
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