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HICP flash estimate: prices up by 0.5% in July

GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

In May, the consumer price index rose by 0.1% compared with April

According to Statistics Estonia, in May, the consumer price index increased by 0.1% compared with April and by 4.5% compared with May 2024. Goods were 1.9% and services 8.8% more expensive than in May last year.

HICP flash estimate: prices up by 0.1% in May

According to the preliminary estimate of Statistics Estonia, in May 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists in Estonia, increased by 0.1% compared with April. Compared with May last year, the index rose by 4.6%.

Producer price index of industrial output rose by 1.4% in April year on 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, decreased by 1.0% in April 2025 compared with March and increased by 1.4% compared with April last year.

The consumer price index rose by 1% in April

According to Statistics Estonia, in April, the consumer price index increased by 1% compared with March and by 4.5% compared with April 2024. Goods were 2% and services 8.6% more expensive than in April last year.

HICP flash estimate: prices up by 1.2% in April

According to the preliminary estimate of Statistics Estonia, in April 2025, the harmonised index of consumer prices (HICP) increased by 1.2% compared with March and by 4.4% compared with April last year.

The rise in construction prices in the first quarter was curbed by the lower cost of materials

According to Statistics Estonia, in the first quarter of 2025, the construction price index increased by 0.1% compared with the fourth quarter of 2024 and by 1.2% compared with the first quarter of 2024.

Higher prices of wood products had the biggest impact on the producer price index in March

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 3.5% in March 2025 compared with February and rose by 2.8% compared with March last year.

Consumer price index down by 0.5% in March

According to Statistics Estonia, in March 2025, the consumer price index decreased by 0.5% compared with February and increased by 4.4% compared with March 2024. Goods were 2.1% and services 8.1% more expensive than in March last year.

HICP flash estimate: prices down by 0.3% in March

According to the preliminary estimate of Statistics Estonia, in March 2025, the harmonised index of consumer prices (HICP) decreased by 0.3% compared with February and increased by 4.3% compared with March last year.

The dwelling price index rose by 6.1% in 2024

According to Statistics Estonia, in 2024, the dwelling price index increased by 6.1% compared with the average of 2023. In the fourth quarter of 2024, the index was up by 3.6% compared with the fourth quarter of 2023 and down by 0.7% compared with the third quarter of 2024.

In February, the industrial producer price index was affected the most by the rising price of electricity

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 3.3% in February 2025 compared with January and by 6.1% compared with February last year.

In February, the consumer price index rose by 1.4% (corrected on 7.03.2025)

According to Statistics Estonia, in February 2025, the consumer price index increased by 1.4% compared with January and by 5.3% compared with February 2024. Goods were 2% and services 10.6% more expensive than in February last year.