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Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the third quarter of this year, compared with the same period in 2023, the construction price index was primarily influenced by a 6.4% increase in wages of workers. “On the other hand, the index was also affected by a 1% decrease in the price of building materials. Therefore, it can be said that the falling material prices curbed the rise in the construction price index for the moment,” Paulus explained. “The increase in the cost of using machinery was mainly driven by the rise in the rental costs of small machines, whereas

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 the expenditures of tourists and is comparable to the international HICP. Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that according to preliminary estimates, prices rose in all major sectors in August. “The only sector to see a decline in prices was food service and accommodation, driven by accommodation services,” Veski added. The consumer price index data for August will be

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with December 2023, the producer price index was most affected by price increases in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of food products. “Falling prices in electricity and heat energy production and in the manufacture of fabricated metal products and electrical equipment had the opposite effect on the index. Producer prices increased by 1.9% in manufacturing as a whole and by 2.6% in the manufacture of food products,” Šokman pointed out

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with September 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of fuel oils. “Rising prices in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of electronic equipment had the opposite effect on the index. Producer prices increased by 0.8% in manufacturing as a whole and decreased by 0.8% in the manufacture of food products,” Šokman noted. Compared with August 2024, the

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