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Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the biggest impact on the consumer price index in 2024 came from price increases related to food and non-alcoholic beverages, which accounted for 23.7% of the total index rise. The prices of food and non-alcoholic beverages rose by 3.2% last year. “Among food products, the biggest rise occurred in the prices of olive oil (44%) and juices and syrups (36.7%). The prices of chocolate also went up significantly (14.5%). On the other hand, there was a considerable decrease in the prices of sugar (18%) and fresh

In the second quarter of 2022, the gross domestic product (GDP) grew by 0.6% year on year. The GDP at current prices was 9 billion euros.

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 June 2023 compared with May and by 1.9% compared with June last year.

According to Statistics Estonia, in March, the consumer price index increased by 0.7% compared with February and by 15.3% compared with March 2022. Goods were 14.4% and services 17.2% more expensive than in March last 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, fell by 2.6% in February 2024 compared with January and by 3.9% compared with February last year.

According to Statistics Estonia, in May, the consumer price index increased by 0.1% compared with April and by 2.9% compared with May 2023. Goods were 2.6% and services 3.3% more expensive than in May last year.

According to Statistics Estonia, in April, the consumer price index increased by 0.9% compared with March and by 2.8% compared with April 2023. Goods were 2.4% and services 3.3% more expensive than in April last year.

According to the preliminary data of Statistics Estonia, in the fourth quarter of 2022, the gross domestic product (GDP), which shows how the Estonian economy is doing, declined by 4.1% compared with the same period of 2021. The GDP at current prices was 10 billion euros.

According to Statistics Estonia, in November, the consumer price index remained at the same level as in October 2023 and increased by 4.0% compared with November 2022. Goods were 2.6% and services 6.5% more expensive than in November last year.

In the first quarter of 2022, the gross domestic product (GDP) grew by 4.3% year on year. The GDP at current prices was 8 billion euros.