08.05.2020
Sulev Pert Economist at Eesti Pank

The consumer price index fell by 0.4% in the month of April and was 0.8% lower than a year earlier. Estonia last experienced deflation in 2016. Energy prices were down 9% over the year while food prices rose by 1.2%, but the prices of... more

07.04.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that the rise in consumer prices slowed in March to 0.9% over the year. The price level dropped by 0.7% over the previous month.

Consumers stockpiled food products and other essentials in the... more

06.03.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly inflation rose in February to 2%. Inflation was driven by higher prices for services and food products, but was restrained by lower energy prices.

Weakness in global economic activity has... more

07.02.2020
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that the yearly rise in the price of the consumer basket slowed to 1.6% in January. Consumer prices were 0.4% lower in January than they were in December. The fall in prices over the month was due to cheaper... more

06.12.2019
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that yearly growth in prices picked up to 1.8% in November. A similar slight rise in inflation was also felt in other euro area countries. Consumer prices in Estonia were 0.2% lower than in the previous... more

07.11.2019
Sulev Pert Economist at Eesti Pank

The yearly growth in the Estonian consumer price index slowed from 2.2% in September to 1.6% in October. Inflation fell because prices fell for energy and rose more slowly than previously for food products.

Inflation was lower in... more

07.10.2019
Sulev Pert Economist at Eesti Pank

According to Statistics Estonia, consumer prices were up 2.2% from last year in September. Price hikes are declining however, both in the euro area and in Estonia. Inflation in the euro area fell from 1% in August to 0.9% in September, but... more

06.09.2019
Sulev Pert Economist at Eesti Pank

Consumer prices were up 2.4% on a year earlier in August. Inflation was slowed most by energy prices, but pushed up by rising prices for services.

Energy prices mainly fell because the oil price fell on global markets, but the... more

07.08.2019
Sulev Pert Economist at Eesti Pank

The price level in Estonia in July was 2.1% higher than a year earlier, but was 0.1% lower than in June. The cut in the excise on alcohol had a substantial impact on this. Inflation has also weakened in foreign markets.

The lower... more

07.06.2019
Sulev Pert Economist at Eesti Pank

The consumer basket of Estonian consumers was up in price by 3.1% over the year in May, while inflation in the euro area was only 1.2%. Prices rose faster in Estonia than in the euro area for both goods and services.

Prices are... more

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