Prices

Publications and articles

Prices increased last year

article
Eveli Šokman
– Eesti Statistika Kvartalikiri. 2/18. Quarterly Bulletin of Statistics Estonia (p. 22)

In 2017, the biggest increase among price indices occurred in the export price index and dwelling price index – both increased by 5.5% compared to the average of 2016. In 2017, the biggest increase occurred in the prices of houses (5.8%). The prices of apartments increased by 5.4%.

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Land value: how much is Estonia worth?

article
Reelika Parve, Robert Müürsepp
– Eesti Statistika Kvartalikiri. 4/17. Quarterly Bulletin of Statistics Estonia (p. 84)

Each economic activity requires land: some do more and some less, and land is required either to be used directly in the production process or indirectly as the plot of land where the production unit is situated. This article gives an overview of how much land is worth in Estonia and how much it costs to purchase different types of land.

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When 4.99 is better than 5.00: background and application of odd pricing

article
Märt Leesment
– Majanduse ja tööturu trendid. Economic and Labour Market Trends (p. 125)

Classical economics assumes that humans are rational beings. This assumption has made it easier to combine various economic and general life systems into models.

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Prices

article
Eveli Šokman
– Eesti Statistika Kvartalikiri. 2/17. Quarterly Bulletin of Statistics Estonia (p. 69)

In 2016, the biggest increase among price indices occurred in the dwelling price index. However, the rise of the index slowed down and was the smallest of the last six years – 4.7% in 2016 compared to the average of 2015. In 2016, the biggest increase occurred in the prices of houses (5.4%). The prices of apartments increased by 4.5%. The dwelling price index dropped in 2016 compared to the average of the previous year by 0.8%. There was an increase in the cost of labour (1.2%) and a decrease in the cost of using building machines (−1.1%) and of building materials (−1.8%). The repair and reconstruction work price index fell 0.9%.

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Prices

article
Eveli Šokman
– Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 178)

In 2015, like two years before, the biggest increase among price indices occurred in the dwelling price index. However, the rise of this index slowed down and in 2015 it was the smallest of the last five years – 6.9% compared to the average of 2014. In 2015, the biggest increase (7.2%) occurred in the prices of apartments, while the prices of houses showed a more moderate growth rate (6.3%). The change of construction prices remained on the previous year’s level – the annual change in the construction price index compared to 2014 was 0.5% in 2015. There was also an increase in the cost of labour force (2.9%) and a decrease in the cost of using building machines (–0.8%) and of building materials (–0.7%). The repair and reconstruction work price index remained on the same level as in 2014.

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Prices

article
Eveli Šokman
– Eesti statistika aastaraamat. 2015. Statistical Yearbook of Estonia (p. 180)

In 2014, like the year before, the biggest increase among price indices occurred in the dwelling price index. The annual change in this price index was 13.7% compared to 2013. The prices of apartments increased the most (15.5%), while the prices of houses showed a more moderate growth rate (9.1%). The rise of construction prices has slowed down. The annual change in the construction price index compared to 2013 was 0.5% in 2014. There was also an increase in the cost of labour force (1.3%) and the use of building machines (2.2%). The prices of building materials remained on the same level as in 2013. The repair and reconstruction work price index increased 0.6%.

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Prices

article
Eveli Šokman
– Eesti statistika aastaraamat. 2014. Statistical Yearbook of Estonia (p. 172)

In 2013 the biggest increase among price indices occurred in the dwelling price index. The annual change in this price index was 10.7% compared to 2012. The prices of apartments increased the most (13.3%), while the prices of houses showed a more moderate growth rate (4.1%). In 2013 the increase in the producer price index of industrial output was 4.1% compared to 2012. The price increase was the biggest in energy and heat supply (31.2%) and in mining and quarrying (16.5%). Price changes remained modest in water supply (0.6%) and manufacturing (1.2%). In manufacturing, a 4.2% price increase was registered in the manufacture of food products, which is one of the major industries in Estonia. The import price index decreased 1.6% compared to 2012, whereas the prices of refined petroleum products decreased 9.0%. The export price index also fell (–1.1%).

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Prices

article
Eveli Šokman
– Eesti statistika aastaraamat. 2013. Statistical Yearbook of Estonia (p. 174)

In 2012 the biggest increase among price indices occurred in the dwelling price index published at the end of the year. The annual change in this new price index was 7.3% in 2012 compared to the previous year. The prices of apartments increased the most (7.4%) and the prices of houses increased slightly less (7%), compared to 2011. The import price index increased 4.0% compared to 2011, whereas the prices of refined petroleum products rose 13.9%. The lowest annual average change was recorded in the export price index (1.8%). In 2012 the increase in the producer price index of industrial output was 2.3% compared to 2011. The price increase was the greatest in energy and heat supply (5.8%). Price changes remained more modest in water supply (1.8%), mining (1.8%) and manufacturing (2.0%). In manufacturing, a 5.8% price increase was registered in the manufacture of food products, which is one of the major industries in Estonia.

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Services producer price indices

article
Eveli Šokman
– Eesti Statistika Kvartalikiri. 4/12. Quarterly Bulletin of Statistics Estonia (p. 108)

In Estonia, the development of services producer price indices (SPPIs) started in 2005. Therefore, these indices have a relatively short history. The so-called big brother of the SPPIs – the producer price index of industrial output – has been calculated for about ten years more than that. In some big countries in the world, the history of the SPPIs extends back to the 1980s and the producer price indices of industrial output have been produced for decades before that.

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