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Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, year on year, the producer price index rose for the second month in a row. “The rise has been of roughly the same magnitude, standing at 0.5% in September and 0.6% in October,” noted Šokman. Compared with October last year, the index was most affected by price increases in the manufacture of wood and wood products, food, and fabricated metal products. Falling prices in the manufacture of fuel oils, paper and paper products, and electronic equipment had the opposite effect on the index. Year on year, producer

In Estonia, the general government sector comprises three sub-sectors: central government, local governments, and social security funds. The central government sub-sector includes state budget units, foundations, and legal entities governed by public law. The local government sub-sector includes city and rural municipality governments with their subsidiary units, and foundations. Pauline Kommer, team lead of government finance statistics at Statistics Estonia, said that both the central government and local governments ended 2024 in deficit. “The deficit was 553.9 million euros for the central

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, pointed out that although the producer price index has been falling year on year for the previous three months, a slight increase can be seen again in September. “Compared with September 2024, the index was most affected by price increases in the manufacture of wood and wood products, food products, and peat products. Falling prices in the manufacture of fuel oils, paper, and fabricated metal products had the opposite effect on the index,” Šokman added. Year on year, producer prices rose by 0.6% in manufacturing as a

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

In October, the confidence indicator was still the highest in trade (+23, up from +21.1 in September). Compared with the previous month, there was an improvement in trade enterprises’ assessment of their sales in the last three months and their expected sales in the next three months, while the assessment of the current volume of stock was a little more negative. The confidence indicator for the services sector was +2.7 (+1.2 in September). In October, service enterprises were considerably more optimistic about expected demand in the next three months, but there was a slight deterioration in

In September, the confidence indicator was still the highest in retail trade (+21.1, up from +15.7 in August). Compared with August, there was a significant deterioration in enterprises’ assessment of their sales in the last three months, although enterprises were more optimistic about expected sales in the next three months. There was also a slight improvement in assessments of the volume of stock. In the services sector, the confidence indicator was +1.2 in September (+7.4 in August), and enterprises had a more negative view of expected demand in the next three months. Confidence also

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with July 2024, the producer price index was most affected by price decreases in electricity production and in the manufacture of fuel oils. “Higher prices in the manufacture of wood and wood products and in the manufacture of food products had the opposite effect on the index. Producer prices increased by 1.1% in manufacturing as a whole; prices in the manufacture of food products continued to rise and were up by 5.2% year on year,” added Šokman. Compared with June, the producer price index in July

Jelena Jurkova, analyst in the producer price statistics team at Statistics Estonia, said that, year on year, the producer price index of industrial output fell for the third consecutive month. “Compared with August 2024, the index was most affected by price decreases in electricity production and in the manufacture of fuel oils. Higher prices in the manufacture of wood and wood products and in the manufacture of food products had the opposite effect on the index,” Jurkova noted. Producer prices decreased by 0.1% in manufacturing as a whole, whereas the rise in the manufacture of food products

The consumer price index uses weights reflecting the average expenditure structure of Estonian residents, while the harmonised index of consumer prices also takes into account tourists and is comparable to the international HICP. “Based on the preliminary estimate, the HICP was affected by the rising prices of food products and also by the higher prices of holiday trips and accommodation, although the latter is likely to be a temporary trend. Lower housing costs and decreased prices of clothing and footwear had the opposite effect on the index,” said Lauri Veski, team lead of consumer price

“People’s consumption habits change, technology evolves, and more and more data become available. Statistics Estonia must keep up with these developments, and we must continuously update our methodologies,” explained Urmet Lee, the Director General of Statistics Estonia. The methodological changes introduced in January concern food products and electricity. “Good cooperation with electricity providers and retail chains now allows us to calculate the consumer price index in Estonia more accurately than ever before. It means that a quarter of the data for the consumer basket are now obtained