07.11.2018
Sulev Pert Economist at Eesti Pank

Consumer prices were 0.5% higher in October than in the previous month, and 4.4% higher than a year earlier. Accelerating inflation for services, which is related to rising wages, has started to push prices up strongly, and so inflation will... more

05.10.2018
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show the yearly growth in consumer prices to have accelerated further in September. The largest contributors over the year have been the prices of motor fuels and electricity. Inflation has also been boosted this... more

07.09.2018
Sulev Pert Economist at Eesti Pank

Statistics Estonia says that the consumer basket in Estonia was 3.6% more expensive in August than it was a year ago. Higher oil price and rapid wage growth raise prices in general. As the summer was unfavourable for farmers, food prices may... more

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
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
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