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Ülo Paulus, leading analyst at Statistics Estonia, said that the increase in the construction price index in 2024, compared with the average of 2023, was primarily due to wage growth, which accounted for 65% of the total index rise. “In 2024, the construction price index rose by 1.6%. Labour force was 6.3% more expensive and the cost of using building machines went up by 1.7%, while the cost of building materials decreased by 1.1%,” noted Paulus. In the fourth quarter of 2024, the construction price index increased by 0.4% compared with the third quarter. The cost of building materials rose by

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

Lauri Veski, the Consumer Price Statistics Service Manager at Statistics Estonia, explained that inflation – i.e. the year-on-year increase in the consumer price index – has shown gradual decline in recent months. “With the exception of November 2025, inflation has been in decline since September last year,” he noted. The rise in the consumer price index in February year on year was primarily influenced by the increases in the prices of food products (5.5%), health products and services (12%), alcoholic beverages and tobacco (7.9%) and housing (1.5%). Electricity prices remained high in

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

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, increased by 1.0% in August 2024 compared with July and by 1.7% compared with August last year.