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Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the last time the consumer price index fell compared with the previous month was in March this year, when it was down by 0.5%. However, the last time we saw such a big drop as we are seeing now was nearly three years ago, in October 2022. “Compared with September last year, the rise in the consumer price index was primarily driven by food prices, which were up by 7.7%,” Veski noted, commenting on the year-on-year increase in the index. Among food products, the most significant year-on-year price increases were

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index for the summer months exceeded the 5% mark every month compared with the previous year, reaching 6.1% in August. According to Veski, the last time the year-on-year change in the consumer price index was higher was in July 2023, when it stood at 6.4%. “Compared with August last year, the rise in the consumer price index was primarily driven by food prices, which were up by 9.2%. Coffee, chocolate, and fruits and berries saw the highest price increases,” Veski noted. Compared with July

Jane Leppmets, foreign trade analyst at Statistics Estonia, said that, in May, the changes in intra-EU trade were marginal – exports were up by 3% and imports down by 1%. “In extra-EU trade, exports of goods decreased by 2% while imports increased by 54% compared with May last year. The latter was influenced by a large-scale transaction in the defence sector,” noted Leppmets. In May, exports to Singapore grew the most and exports to Russia fell the most The main commodities exported in May were electrical equipment (15% of Estonia’s total exports), agricultural products and food preparations

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.

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that food prices are the main driver of overall inflation, as food products have the biggest weight in the consumer price index. “The prices of food products decreased in September and October but started to increase again in November,” added Veski. Compared with October, food products were 1% more expensive in November. The biggest impact came from the rise in the prices of vegetables (1.9%), cheese (3.3%), fresh or frozen fish (7.7%) and bread and bakery products (2.7%). Decreases in the prices of fresh fruits

According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

In the case of electricity, housing and rent, the monthly and annual changes were mixed up in the news release. The data published in the table were correct. The corrections are marked in red.Corrections are marked in red. Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that, month on month, the overall rise in prices has been slowed down mainly by food products as their prices have fallen for two months in a row. In October, food products were 1.2% cheaper than in September. The biggest impact came from the fall in the prices of bread and bakery products (4.8%)

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 July, the consumer price index increased by 0.3% compared with June and by 3.4% compared with July 2023. Goods were 1.7% and services 6.3% more expensive than in July last year.

According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.