07.04.2016
Rasmus Kattai Economist at Eesti Pank
  • Prices are mainly lower than a year earlier because energy is cheaper
  • Inflation for manufactured goods remains low because prices for raw inputs and levels of economic activity are both low
  • Rises in food prices... more
07.03.2016
Rasmus Kattai Economist at Eesti Pank
  • The main cause of the fall in prices in February was the continuing descent of commodity prices on the global market
  • Prices fell for motor fuels in February even though the euro has weakened against the dollar and higher... more
05.02.2016
Rasmus Kattai Economist at Eesti Pank
  • In contrast to the rest of the euro area, Estonia has seen its price level fall, as local energy prices react immediately to the global oil price
  • The deflation that has lasted almost two years has benefited consumers so far... more
08.01.2016
Rasmus Kattai Economist at Eesti Pank
  • 2015 was a year of a sharp fall in commodities prices
  • The majority of the fall in prices in Estonia came from five goods: motor fuels, heating energy, electricity, meat products and dairy products
  • Inflation will... more
07.12.2015
Rasmus Kattai Economist at Eesti Pank
  • The fall in energy prices was smaller because the comparison base of a year ago was lower
  • Core inflation accelerated to 1.7% in November
  • Service price inflation may pick up at the start of the new year
... more
06.11.2015
Rasmus Kattai

Economist at Eesti Pank

  • Prices were down because of the broad-based fall in energy prices
  • Prices will stop falling in the next few months
  • Inflation in the euro area is below expectations as commodities prices continue... more
07.10.2015
Rasmus Kattai Economist at Eesti Pank
  • Consumer prices fell by 0.7% in September
  • Cheaper energy products brought inflation down by 1.6 percentage points
  • Core inflation picked up to 1.1% in September
  • Stronger competition may have slowed... more
30.09.2015

At the Äriplaan 2016 conference on Wednesday, Governor of Eesti Pank Ardo Hansson spoke of how Estonian companies have succeeded in increasing their non-price competitiveness. The need to improve competitiveness has become ever more important in coming years as higher labour costs have made... more

07.09.2015
Rasmus Kattai Economist at Eesti Pank

Data from Statistics Estonia show that consumer prices continued to fall in August, declining by 0.3%, as they had in the previous month. The consumer price index stood 0.3% lower in August than in July. Inflation in the euro area has... more

07.08.2015
  Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that the consumer prices decreased 0.3% in annual comparison in July – the fall in prices was 0.2 percentage points deeper than in June, when the price level was 0.1% lower than a year ago. The inflation in... more

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