• Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased
  • Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term
  • As growth is... more
Sulev Pert Economist at Eesti Pank
  • The immediate impact of the higher oil price on consumer prices has eased
  • Faster GDP growth will encourage inflation this year in Estonia and in the other countries of the euro area
  • Inflation will remain high until... more
Sulev Pert Economist at Eesti Pank
  • Inflation passed 3% in April
  • Prices for commodities have shown signs of rising more slowly on world markets in recent months

Consumer price growth accelerated to 3.2% in April in the data from Statistics Estonia.... more

Sulev Pert Economist at Eesti Pank
  • Oil and foodstuffs were cheaper on global markets in March than in February
  • Core inflation remains low in Estonia and the euro area

Data from Statistics Estonia show that consumer price inflation slowed to 2.8% in... more


Sulev Pert Economist at Eesti Pank
  • Inflation continued to rise in Estonia, and it was at its fastest for four years in February
  • Inflation is being driven by higher global prices for oil and food, and by higher excise rates 
  • Core... more

Frankfurt – Ardo Hansson, 58, has an explanation for why central bankers are often criticised publicly. “We have to communicate paradoxical messages”, says the Governor of the Estonian central bank, who also sits on the Governing Council of the European Central Bank (ECB). He is referring to the... more

Sulev Pert Economist at Eesti Pank
  • Consumer price inflation climbed as oil and food became more expensive on the world market
  • The Eesti Pank December forecast expected average inflation for this year to be around 3.0%, and current developments are in line with... more
Rasmus Kattai Economist at Eesti Pank
  • Inflation was affected most in December by fuel, seasonal goods and air tickets
  • Average inflation in 2016 was close to 0%
  • Inflation will rise to around 3% in 2017

Growth in consumer prices accelerated... more

  • Investment has fallen for three years and this has reduced the potential for growth in the coming years
  • Funding an increase in government spending from a budget deficit may boost growth in the short term, but may harm competitiveness in the long term
  • Improving... more
Rasmus Kattai Economist at Eesti Pank
  • The price of fuel has lifted inflation and will continue to have an effect
  • Cheaper imports and slower growth in demand have kept inflation in check

Yearly growth in consumer prices rose in November from 0.6% to... more

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