In May, the consumer price index rose by 0.1% compared with April
According to Statistics Estonia, in May, the consumer price index increased by 0.1% compared with April and by 4.5% compared with May 2024. Goods were 1.9% and services 8.8% more expensive than in May last year.
Industrial production grew by 4% in April
According to Statistics Estonia, in April 2025, the total production of industrial enterprises increased by 4% at constant prices compared with April 2024. Among the three main sectors, output increased by 4.4% in manufacturing and by 0.6% in energy production but decreased by 2.1% in mining.
HICP flash estimate: prices up by 0.1% in May
According to the preliminary estimate of Statistics Estonia, in May 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists in Estonia, increased by 0.1% compared with April. Compared with May last year, the index rose by 4.6%.
Trade in services with non-EU countries increased the most in the first quarter
According to Statistics Estonia and Eesti Pank, in the first quarter of 2025, Estonia’s exports of services grew by 5% and imports by 11%. Exports of services amounted to over €3 billion and imports to nearly €2.5 billion at current prices. The balance of foreign trade in services was in surplus by €548 million, which is €98 million less than in the first quarter of 2024.
According to revised data, economic growth is yet to be seen
According to Statistics Estonia, in the first quarter of 2025, the gross domestic product (GDP) decreased by 0.3% compared with the same period of 2024. The GDP at current prices amounted to 9.3 billion euros in the first quarter.
The rise in retail trade volume accelerated in April
According to Statistics Estonia, in April 2025, the turnover of retail trade enterprises was 900 million euros. Compared with April 2024, the volume of retail trade turnover increased by 6%.