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Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

According to the preliminary estimate of Statistics Estonia, in June, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists, decreased by 0.4% compared with May. Compared with June 2025, the HICP rose by 2%. This is a flash estimate which will be refined once more detailed data on June prices are received.

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

In February, the consumer price index rose by 1.4% (corrected on 7.03.2025)

According to Statistics Estonia, in February 2025, the consumer price index increased by 1.4% compared with January and by 5.3% compared with February 2024. Goods were 2% and services 10.6% more expensive than in February last year.

HICP flash estimate: prices up by 1.3% in February

According to the preliminary estimate of Statistics Estonia, in February 2025, the harmonised index of consumer prices (HICP) increased by 1.3% compared with January and by 5% compared with February last year.

In January, the producer price index remained at the same level year on year

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, rose by 0.9% in January 2025 compared with December 2024. The index remained at the same level as in January last year.

Food prices increased in January, clothing prices decreased (corrected on 5.03.2025)

According to Statistics Estonia, in January 2025, the consumer price index increased by 1.4% compared with December 2024 and by 3.9% compared with January 2024. Goods were 2.4% and services 6.3% more expensive than in January last year.

Construction prices rose by 1.6% in 2024

According to Statistics Estonia, in 2024, the construction price index increased by 1.6% compared with the average of 2023. In the fourth quarter of 2024, the construction price index increased by 0.4% compared with the third quarter of last year and by 1.3% compared with the fourth quarter of 2023.

Higher prices of wood products had the biggest impact on the producer price index in December

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, rose by 0.4% in December 2024 compared with November and by 1.1% compared with December 2023.

The consumer price index rose by 3.5% in 2024

According to Statistics Estonia, in 2024, the consumer price index increased by 3.5% compared with the average of 2023. Price changes related to food and non-alcoholic beverages had the biggest impact on the consumer price index in 2024.

In manufacturing, prices have risen for several months in a row

According to Statistics Estonia, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 0.4% in November 2024 compared with October and by 0.1% compared with November last year.

The dwelling price index in Q3 down by 0.5% from Q2

According to Statistics Estonia, in the third quarter of 2024, the dwelling price index fell by 0.5% compared with the second quarter. In comparison with the third quarter of last year, the index rose by 6.4%.

Food prices increased in November, fuel and electricity prices decreased

According to Statistics Estonia, in November 2024, the consumer price index decreased by 0.4% compared with October and increased by 3.7% compared with November 2023. Goods were 2.5% and services 5.6% more expensive than in November last year.

The producer price index rose by 0.2% in October year on year

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.3% in October 2024 compared with September and by 0.2% compared with October last year.

In October, the consumer price index rose by 4.1% year on year

According to Statistics Estonia, in October 2024, the consumer price index increased by 0.6% compared with September and by 4.1% compared with October 2023. Goods were 2.3% and services 7.1% more expensive than in October last year.

There are people of 224 different ethnic nationalities living in Estonia

HICP flash estimate: prices up by 0.5% in July

GDP flash estimate: the economy grew by 2.1% in Q2